What are your thoughts on endowment plans vs investment?

Hi Anonymous,

There are differences in risk and rewards between endowment plans and investments. Endowment plans are savings plans that requirements commitment to hold till maturity/payout to get the most out of it. All endowment plans have this clause:

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid.

Hence, ensure that you read and understand the clause before you even decide on buying endowment plans.

Disclaimer: PolicyWoke is a traded endowment policies broker.​​​

Endowment plans are a type of life insurance policy that combines investments, savings, and protection. Investments help to put your money to work by investing in assets (e.g. equity, bonds, gold) that allows you to grow your capital.

Investments, like endowments plans, should be considered long-term investments. It's best to speak with your financial advisor to best determine your profile for both type of products.