facebookIf insurance is all about protection, then what about endowment plans? - Seedly

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Anonymous

18 Apr 2019

Events

If insurance is all about protection, then what about endowment plans?

Discussion (2)

What are your thoughts?

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Endowment plans are about disciplined savings.

Hello.

Personal take on endowment plans is:

  • higher interest rate than banks (assuming at 0.05%)
  • disciplines you to save
  • lump sum payout after x number of years (you can use it to plan for child’s education for eg)

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