Endowment Assurance Policy

Endowment Life Assurance

Endowment life assurance is provided under an agreement to pay the sum assured, if the insured person is living at the end of the period of assurance or a death benefit of the same amount for designated beneficiaries if he/she dies within same period.

If the insured is alive on maturity, i.e. after 5, 10, 15… years, the insured himself will collect the sum assured. If the insured dies with in policy period, his/her beneficiaries will collect the sum assured.

Furthermore, after two years premium payments, if the insured encountered shortage of money, there is an option to borrow up to 90% of cash value.