Endowment Insurance is a Life Insurance policy which is not just an insurance policy but also helps the policyholder save regularly over a period of time.

In an Endowment Insurance Plan, you pay a premium regularly like in other plans.

You will get the Sum Assured after the term of the Endowment Plan gets over (15-30 years).

In case of death before the end of the Endowment Plan period, your Beneficiary will get the Sum Assured

In case of such a death, Death Benefits are also given. Example of Death Benefits: Extra money, over Sum Assured