Skip Ribbon Commands
Skip to main content
 

Need help? Call 1-800-270-7000

To offer you an enhanced website experience we have revamped this section. Remembering your User Name & Password just got simpler.

Convert your 10 digit CIP number to a User Name of your choice and select a password you can remember with ease.

If you are having trouble logging in, check if you have typed in the correct User Name or type the old 10 digit CIP number (if you are a 1st time user).

Cookies need to be enabled in your Internet browser in order for you to Login. You need to go to Internet options > Privacy > Advanced > Select the "Accept" or "Prompt" option under "First Party Cookies" > Click Ok
OK


Important: W.e.f 1st July 2017, GST will be levied on Life Insurance Premium as per the applicable tax rates. To know the rate that will be applicable to your specific policy please click here

What is an Endowment Plan?


When it’s about insurance plans, are you in search of the best of both worlds - protection and savings? If yes, then endowment plans could a perfect fit.

An endowment policy is a life insurance plan that  pays a lump sum amount after a specified term (on 'maturity') or in case of an unexpected event. Typical maturity periods of endowment plans are 10, 15 or 20 years. If you want both protection and savings in one solution, endowment plans may be the answer you are looking for.

 
How are endowment plans different?
·    Unlike term insurance plans endowment plans combine the elements of insurance and investments.
 
·    The premium you pay is partly used for providing insurance coverage and partly invested to generate good returns. Hence, generally the premium of these policies is higher than the premiums for term plans.
 
·    The coverage amount is payable to the beneficiary in case the policy holder passes away. This is called death benefit.
 
·    If the policy holder survives the entire term, he will receive the sum assured and a bonus, if any. The bonus is not guaranteed because it depends on the performance of the insurance company.
 
Should you choose an endowment plan?
Compared to a term plan, endowment plans may have a higher premium or coverage amount, but they offer the convenience of regular savings. If you are looking for protection as well as savings in the same solution, endowment plans may be a perfect fit for you. These plans can also be used in case you need a certain sum of money at a particular age in the future.
 

Quick facts
 
 • You will not receive any surrender value for an endowment policy if you surrender it within the first three years.
 • In case you surrender the policy after a period of three years, you will get back all your premiums after deducting the expenses.

Buy Term Insurance Online
Date of Birth:
Gender:
Tobacco Consumption:
Desired policy cover:
Toll free (Within India):
1-800-270-7000

Outside India:
+91 22 66917777
(Call charges apply)

Between 9 am to 9 pm, Monday to Saturday

Insurance Dictionary

Quick Links

Notification

Need help? Call 1-800-270-7000
Posted Date :
Subject :
Message :

Notifications

Need help? Call 1-800-270-7000
Are you sure you wish to delete the selected Notification(s)?

Daily NAV's

This site is best viewed with resolution 1024x768 in Internet Explorer 8.0

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

Trade Logo displayed above belongs to SUN LIFE ASSURANCE COMPANY OF CANADA and ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED as per terms and conditions of license Agreement.

Aditya Birla Sun Life Insurance Company Limited (formerly Birla Sun Life Insurance Company Limited)

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration No. 109.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to the public that,
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of the phone call.