Best Endowment Insurance Policy in India

1. What is the guaranteed and non-guaranteed returns?

• Understand the guaranteed returns offered by the policy and inquire about the non-guaranteed returns, which may be in the form of bonuses or dividends. Evaluate the overall potential for returns based on the insurer’s historical performance.

2. What is the policy term and premium payment frequency?

• Evaluate the policy term, which is the duration of the insurance coverage and savings accumulation. Also, understand the premium payment frequency (monthly, quarterly, annually) and the flexibility in choosing payment terms.

3. What are the maturity benefits and payout options?

• Examine the maturity benefits provided by the policy, including the guaranteed sum assured and any accrued bonuses. Understand the payout options at maturity, such as a lump sum amount or periodic payments.

4. Does the policy offer additional riders or features?

• Explore any additional riders or features that can enhance the coverage, such as accidental death benefits, critical illness riders, or waiver of premium in case of disability. These riders provide additional layers of protection.

5. What is the surrender value and loan facility?

• Inquire about the surrender value of the policy, which is the amount payable if you decide to terminate the policy before maturity. Also, check if the policy offers a loan facility against the accumulated savings, providing liquidity in times of need.