If You Want a Safety Net for Financial Milestones:​

Endowment plans are perfect if you are looking to achieve financial goals like funding your child’s higher education or marriage. The maturity payout ensures that you have a guaranteed sum to meet these objectives. For Conservative Investors: If you’re risk-averse and prefer guaranteed returns over volatile market-linked products, an endowment plan offers stability and peace of mind.​

For Long-Term Planning:​

Endowment plans are a disciplined way to save over a long term (10-20 years). If you're someone who struggles with saving money consistently, these plans force you into a savings routine with the added bonus of life coverage.
The Price of Not Taking Endowment Plans​

Missed Savings Opportunities:​

Without endowment plans, there’s a risk that you might not save consistently for long-term goals, leaving you unprepared for significant financial needs like your child’s education or your retirement.​

Lack of Financial Discipline:​

Endowment plans impose financial discipline by making you save regularly. Without them, many people tend to divert their savings toward less useful expenses.​

Guaranteed Returns:​

Unlike market-linked insurance products, endowment plans offer guaranteed returns. Not investing in one could mean missing out on this security.​