You're right. You don't need to use an endowment plan to enforce disciplined saving if you're already disciplined enough to save on a regular basis. But do you know that endowment plans are also known as insurance saving plans? With the insurance element, the endowment plan can provide the assurance that if a catastrophic event (e.g. critical illness) happens, your saving will not be interrupted because the insurance company will continue to pay the premium for you. This is not possible if you're saving on your own. So, if having this added level of assurance is important to you, then endowment plans will have a place in your financial plan.