Endowment Insurance

Endowment insurance is a financial product that combines life insurance with an investment feature to help the policy owner grow money. These plans are usually capital guaranteed by the insurer, and returns may include both guaranteed and non-guaranteed parts. Premiums can be paid regularly over time or as a single payment, while the insurance coverage is usually limited.

It is like a plan that mixes a small amount of insurance with saving and investing. You put money in, and later you hope to get back your money plus some growth.