What is the best endowment and saving plan now? Plan to save around 30 to 35 years. Any suggestions?

You can consider Traded Endowments.

However, for such a long tenure, only fresh new policies can provide the flexibility and liquidity AND insurance coverage for such plans. Because Traded endowments typically have lower lock in period and matures faster. They also do not have death benefit for you as the insured is the old policyholder.

Hence sadly it may not fit your criteria.​​​

Hi anon,

There isn't any singular 'best' plan, but rather, it is more important to find the plan that suits your needs.

• There are plans that mature in one lump sum at a fixed point in time.

• There are retirement plans that provide a stream of income for a certain number of years.

• There are lifetime income plans which provide a stream of income for life while preserving your capital.

• There are also plans which you can save and then let the money grow until you need it.

Depending on your needs, most insurers would have a plan that fits into one of these categories. However, I don't think that there are any that have a premium term that allows saving for 30 or 35 years. Maximum duration tends to be 25 years, and usually I'd suggest saving for around 10 years as you never know what better plans might be on the horizon in a decade's time, and you won't want to tie yourself down for too long.

I'd suggest you have an in depth chat with an advisor to see what sort of plan you are looking for, before researching more on which companies carry such offerings.