Hi. I am confused and don't understand why my agent say the Sum assured on my endowment plan is not my death coverage. it is used to calculate my bonuses. I dont rem that apply to my other endow plans

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Just_Saying

18 Jul 2022

It can be considered death coverage.

but im guessing most pple do not buy endowment for the death coverage, but simply as a savings plan for short term goals. the death payout is simply an add-on benefit to make it an "insurance" product.

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Tan Choong Hwee

10 Jun 2022

Solutions Specialist at Providend

Sum assured is the basis for death benefits, which may add declared bonuses on top of sum assured.

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