It is always important to save some bucks, whatever phase of life one is undergoing. Be it your youth, married life, or retirement planning, one always needs a secure way of growing money. Many people seek a plan that offers insurance protection along with guaranteed savings. This is where an endowment plan comes in handy.
An endowment plan is one type of life insurance plan. It gives you life cover and also aids in savings over time. If you live till the end of the policy term, you get a lump sum amount. If something unfortunate happens to you during the policy term, your family gets financial support.
In this blog, we try to explain what an endowment plan is, why it’s considered a safe choice, and list the 10 best endowment plans for long-term investment in very simple words.
What is an Endowment Plan?
It is an endowment plan that combines insurance with savings: You pay a fixed premium on a monthly or yearly basis. An insurance company safely invests a part of this money.
- You will receive a maturity amount if you outlive the policy term.
- If the policyholder dies during the term, the sum assured is paid to the family.
This makes it a good option for those who want safety, discipline, and savings over a long period of time.
Why invest in an endowment plan?
Many people opt for the endowment plan to have peace of mind. Here are some simple reasons it is a good option:
- Low risk when put against market plans
- Guaranteed return in most of the cases
- Life insurance cover included
- Helps to build up long-term savings.
- Good for long-term goals, such as children’s education or marriage.
For these reasons, many consider it to be one of the best investment plans for secure financial growth.
Who Should Invest in an Endowment Plan?
An endowment plan is suitable for the following:
- First-time investors
- People looking for safe returns
- Parents plan for the children’s future.
- Salaried people
- Those who do not want to take market risk
This is a good fit if you want steady growth without stress.
10 Best Endowment Plans for Safe & Long-Term Investment
Following are some of the best endowment plans in India for safety and long-term savings.
1. LIC New Endowment Plan
This is one of the most trustworthy plans available in India. It offers assured returns with life cover.
Why it is good:
- Government-backed insurer
- Simple structure
- Suitable for all groups, regardless of age.
2. LIC Jeevan Anand
This plan differs from the rest, as it gives life cover even after maturity.
Why it is good:
- Lifetime insurance protection
- Bonus benefits
- Trusted by millions
3. HDFC Life Endowment Assurance Plan
The plan aims at long-term wealth creation with insurance protection.
Why it is good:
- Flexible premium options
- Tax benefits
- Stable returns
4. ICICI Pru Cash Advantage Plan
This policy provides a simple and steady regular payout with a maturity benefit.
Why it is good:
- Fully accrual of monetary benefits
- Good for income planning
- Life cover provided
5. SBI Life – New Endowment Plan
A basic, reasonably priced endowment plan from SBI Life.
Why it is good:
- Trustful brand
- Low-risk investment
- Suitable for salaried people
6. Max Life Endowment Plan
This scheme focuses on long-term savings, along with insurance protection.
Why it is good:
- High claim settlement ratio
- Extra benefits
- Flexible premium payments
7. Tata AIA Life Insurance Endowment Plan
It provides a plan assurance maturity benefit and life cover.
Why it is good:
- Strong brand value
- Long-term security
- Simple investment structure
8. Bajaj Allianz Life ACE Endowment Plan
This plan provides assured returns with insurance coverage.
Why it is good:
- Assured maturity amount
- He also wants safe investments.
- Tax-saving benefits
9. PNB MetLife Endowment Saving Plan
This plan saves you money while protecting your family.
Why it’s good:
- Stable returns
- Suitable for long-term goals
- Life cover included
10. Kotak Endowment Plan
This plan helps build savings in a disciplined manner.
Why it is good:
- Prebendal benefits assured
- Long-term wealth creation
- Simple and easy to understand
How is an endowment plan the best investment plan?
Many people ask if the endowment plan is really the best investment plan. It depends on your goals. It does not yield very high returns compared to the stock market, yet the returns from an endowment policy are stable and predictable. For those who wish to save in the long term, it works quite well.
It is especially useful for people who:
- Risk is not to be taken.
- Want guaranteed money at maturity
- Want insurance and savings together
Key Benefits of Endowment Plans
Following are some of the simplest advantages of choosing an endowment plan:
- Safe investment option
- Life insurance protection
- Maturity benefits assured
- Helps to achieve the goals that lie ahead.
- Allows for disciplined savings.
These benefits make an endowment plan a good choice for long-term planning.
Things to check Before Buying an Endowment Plan
Keep the following points in mind before buying an endowment plan:
- Policy term
- Premium amount
- Maturity benefits
- Remuneration structure
- Claims settlement ratio of the insurer
Always select an investment plan that suits your budget and future goals.
Tax Benefits of Endowment Plans
The endowment plans also offer tax benefits under Indian tax laws.
- Any premiums paid may be non-taxable.
- Maturity amount is tax-free (maybe).
- Death benefits are usually tax-free.
This makes it even more attractive as the best investment plan for long-term savings.
Conclusion
An endowment plan is a simple and safe means of investing money for the future. It may not make you rich overnight, but it helps you grow your money steadily and safely. It also protects your family with life insurance. Endowment plans are those best investments that provide security and assured returns with peace of mind. Always contrast the plans, know your needs, and choose wisely. A small step that you take today helps you build a strong and secure future tomorrow.
Refresh Date: December 23, 2025
