What Are The Benefits Of Endowment Policy?

What Are The Benefits Of Endowment Policy?
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  1. As we know that an endowment policy is an investment product that you buy from a life assurance company. They have a lot of benefits like providing insurance cover and paying you in lumpsum when the policy matures. It also serves the dual purpose of insurance and saving by offering you long term investment benefit. Endowment policies also gets you tax exemption to some extent getting you those extra pennies you would otherwise loose. It has low-risk and is an option for long term investment. Apart from this insurance companies also declare bonuses. Here, the bonus is the extra amount of money added to the proceeds, which is distributed to a policyholder by an insurer.

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