Endowment Plans at HDFC Standard life Insurance

Our Life is full of risks – both financial and non financial. While it is difficult to eliminate the non- financial risks, insurance helps you to minimize the financial ones. Endowment plans are one such product. They ensure that you receive an assured amount at the end of the policy term plus bonuses, if any. If, due to unfortunate circumstances, the insured person expires during the term of the policy, the sum assured and bonuses go to the nominee. Endowment plans can be taken in the name of minors too.

Benefits:

Endowment plan helps one plan for the future of their loved ones and rest assured that finances will not be an obstacle, even in case of the insured persons demise.

The Reversionary bonuses are usually declared by the insurance company annually and once declared are guaranteed.

The Tax benefits under Section 80C are applicable on the premium paid.

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