Endowment Assurance is the safest and surest method of guaranteed cash provision either at a specified time or at death. It serves the requirements of the family in various shapes by way of financial help retirement, education of children or capital for business. Under these policies the Sun Assured plus bonuses is payable at the end of the specified number of years or at death of the assured if earlier. Premiums are payable for the specified number of years or till death, if earlier

Death at any time before age 85 years terminates payment of premium and the Sum Assured plus bonuses, if any, become payable. In the event the insured survives to the policy anniversary nearest age 85 years the policy matures and the Sum Assured plus bonuses becomes payable.

After two years' premium have been paid the policy acquires surrender and other Non-Forfeiture values which keep on incresing with the payment of each subsquent instalment of premium. Whenever the need arises, the policy can be surrendered for its surrender value or policy loan can be taken upto 80% of surrender value of policy.

Under this plan the rates of bonuses are usually much higher than the other plans and they help in increasing not only protection but also the investment element of the policy substantially.