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

  1. #1
    PolicyWala NewBie
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    Default 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



  2. #2
    Moderator Taxman's Avatar
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    Keep investment and insurance seprate. So invest only in Term Insurance.
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  3. #3
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    Insurance + Investment = Bad Combination
    Anything dropped on the floor will roll over to the most inaccessible corner.

  4. #4
    Moderator Expert's Avatar
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    Quote Originally Posted by head View Post
    which is the best - term insurance cover or endownment policy?
    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.
    * SAFE
    Self Appointed Financial Expert

  5. #5
    Moderator CONFUSED's Avatar
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    Fully Agree with Expert.
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.


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