If insuring your family is your aim, it is better to opt for a pure online term policy which charges a lower premium. Other plans which have an investment component may be expensive
Here is a comparison of the term plan, endowment and moneyback policies to see which the best one is for you.
Last week, we talked about term plans, saw their features in some detail and also went into the various riders available. This week, we’re going to look at a more popular, but less beneficial product – the endowment plan.
When we build financial plans for our clients, the first thing we take care of is insurance – both life and general.