Dual benefits of life insurance and savings coverage

Endowment plans receive an accumulated amount at the time of maturity

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Tremendous return on investment, instead of lump sum in money-back plans

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Money-back is costlier than an endowment policy

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Guaranteed amount plus applicable bonus on exit during the term of the policy.

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Endowment policy is good for buying a house, higher education fees etc.

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Money-back policy is good for EMI, household expenses etc.

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Endowment policy risk is low

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Endowment policy is considered to be slightly better than money-back policy.

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