Baneshwor 10, Kathmandu, Nepal
9802336856
info@beemamarg.com
What is Endowment Policy?
Endowment policy is a life insurance policy which pays the sum assured (as agreed while buying policy) on a fixed date on maturity of the policy if policyholder survives the policy period or upon the death of policy holder, if insured dies during the policy period. Endowment policy can be treated as savings that will be received back in lump sum by the insured person on maturity. Endowment policy will have maturity period of ten, fifteen, twenty or more years upto a certain age limit. Endowment policies also pay out in case of critical illness.
Benefit of Endowment Policy
Endowment policy provides the financial security to policy holders as well as their loved ones by serving customers with dual purposes, it works as an insurance policy as well as offers long term investment benefits. Below mentioned are few benefits from endowment policy: