Dual benefits of life insurance and savings coverage

Endowment plans receive an accumulated amount at the time of maturity

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

Money-back is costlier than an endowment policy

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

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

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

Endowment policy risk is low

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