Which is the best - term insurance cover or endownment policy?

Hi,

I am working in a MNC in Bangalore. I am looking to buy LIC to cover myself. Could you please tell me - which is the best - term insurance cover or endownment policy?

Thanks,
Head

Keep investment and insurance seprate. So invest only in Term Insurance.

Insurance + Investment = Bad Combination

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Originally Posted by head

which is the best - term insurance cover or endownment policy?

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Both policies have there own benefits and demerits. Endowment policy is good for proposers, who are looking for life cover and some return on investment after some period. Term Policy - Only provide risk cover, so no return after term is over. And the insurance cover is till the term of the policy.

Fully Agree with Expert.