Yes, you tailor your policy to fit your goals, income, and future plans.
Endowment life insurance policies offer impressive customisation options to match your budget and financial milestones. Insurers offer flexibility in terms of premium payments, policy tenure, and coverage options.
- Policy tenure: You can select the policy term based on when you need the funds, such as for retirement or a child’s education.
- Premium payment frequency: Choose from monthly, quarterly, half-yearly, or annual payment options to match your cash flow.
- Optional riders: Add-on benefits like critical illness, accidental death, or disability riders can be included for enhanced coverage.
- Sum assured: Choose the level of life cover that aligns with your family’s financial needs.
- Investment options: In ULIP-based endowment plans, you can allocate funds to equity, debt, or balanced options based on your risk appetite.
Customising your policy ensures it aligns with your personal and financial goals, offering maximum value.