Get Started Today
We at Dhanalakshmi Securities guide you to the right solution with our expertise.
Everyone wants to live a long life and see their family flourish. Contrary to popular belief, life insurance isn’t just a pessimistic plan meant to protect your loved ones after your untimely death or disablement.
You can even use a life insurance policy to secure a happy, fulfilling post-retirement life you can enjoy with your whole family, with the invaluable help of an Endowment Life Insurance policy.
An endowment policy is a type of life insurance policy that provides dual benefits of insurance coverage and long-term savings. It helps you save a small amount regularly over a period (the policy duration) and get a lump sum amount on maturity. The maturity amount is paid if you survive the policy tenure. What makes them one of the most useful types of life insurance policies is that they help fulfill long-term goals in life. You will also get the maturity amount if you survive the policy tenure.
Death along with survival benefits: Endowment plans are unique in the sense that the these plans guarantee the payment of benefits to the policy holder in the event of she/he survives the term of the plan and also entitles her/nominee(s) to receive the sum assured together with other additional bonuses in the event of the policy holder’s demise during the plan term.
Higher returns: The feature of extra bonuses means that the overall returns from an endowment plan tend to be higher than that from any traditional life insurance plan or term insurance plan. Since apart from the regular sum assured, additional payable amounts are combined, hence the plan benefits are higher.
Premium-payment frequency: Generally, the insurers offering endowment plans offer quite flexible premium-payment terms. This means that the policy holder can pay the premium in a frequency chosen as per her/his convenience. The frequency can be monthly, bi-annual, annual or even a one-time lump sum payment.
Flexibility in cover: An endowment plan offers the benefit of flexible coverage and the policy holder can choose to purchase additional benefits in the form of riders like partial/total disability riders, critical illness riders, accidental death rider etc. This impacts the payable premiums but the scope of coverage becomes very flexible.
Income Tax benefit: An endowment plan comes with tax benefits because the payable premiums as well as the main plan benefits (sum assured and the maturity proceeds) are eligible for tax-exemption under Sections 80C and 10D of the Income Tax Act, 1961.Start Online Quote
ULIP is both an insurance policy and an investmentKnow More
Ensure protection for your family along with options to get money back*Know More
Investing in an endowment plan reduces the risk of your investment. It guarantees returns and can be a critical tool for managing risk.
Along with investment risk, an individual faces risk to life. An endowment plan insures the financial future of one’s family, in their absence, and covers the risk to life. By investing in an endowment policy, you can eliminate investment as well as life risk through a single product.
We'll help through the process of claim from start to finish
Need your investment proof, let’s help you get that quickly
Get your Investment update
Online payment option available in some cases
Get help in reviewing your current investments
Connect with us for any help on personal finance
Securities is ready to caterall your Insurance Requirements
Customers and their needs are our first priority. All our insurance plans are tailor made
We give back to our community and get involved with the charities we support.
We go the extra mile to exceed your expectations, no matter what you need.
With extensive experience, we understand what it takes to bring you quality coverage.
Dhan Lakshmi Securities
Typically replies within an hour