Endowment Plans are an ideal choice if you are a risk-averse customer. Endowments are long-term, regular savings plans with an inbuilt life cover.

Provided you have paid all your premiums, at the end of the term you receive the sum assured plus accrued /guaranteed bonuses that have been declared over the years, as a lump sum. In case of death during the term of your plan, the sum assured, will be paid out as a lump sum with the bonuses to the beneficiary named in the policy.