10 Best Endowment Insurance Policies in 2025
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A peek into what is an endowment insurance policy and the top 10 endowment insurance plans to invest in November 2025.
Insurance is all about protection. But what if your insurance plan was to help you build a corpus of wealth for the future as well? Now we’re talking, right? You can enjoy the dual benefits of insurance and savings in an endowment policy. Let’s learn more about it in this blog.
What is an Endowment Plan?
In simple words, an endowment plan is designed in such a way that it offers the dual advantage of insurance protection and guaranteed return on investment under one single policy. Ideally, you would have to purchase a separate plan for insurance coverage and another for savings to secure your financial future. However, with an endowment insurance plan, both these benefits get clubbed into one policy for the user.
Besides, endowment plans work great for those who aren’t too big of a risk-taker. This is because an endowment policy is a low-risk life insurance plan designed to facilitate savings among individuals. That too, savings which are free of tax! Couldn’t get any better.
With so many benefits to offer, we decided to present you with a list of the 10 best endowment insurance policies that you can consider investing in the month of November 2025. These plans are detailed with their respective features, benefits, as well as the minimum premium payable towards the policy. Let’s take a look at each of them.
Top 10 Endowment Insurance Plans in India 2025
There are plenty but we focus on the 10 best endowment insurance policies that you can consider putting your hard-earned money in this month or year.
| Name of the Plan | Eligible Age of Entry (Min/Max) | Minimum Premium Payable Annually | Claim Settlement Ratio (CSR) of Insurer (2023-24) | Key Features | Benefits |
| LIC New Endowment Plan | 8-55 years | Rs. 2,750 | 98.74% | Monthly, quarterly, half-yearly, and yearly premium payment options; Rs. 1 lakh onward sum assured; maturity benefit; death benefit; Add-on riders | Premium rebate on higher sum assured; loan option available; easily affordable |
| HDFC Life Sanchay Plus | 5-60 years | Rs. 30,000 | 98.66% | Add-on rider option available; maturity benefit; death benefit; guaranteed lifelong income; up to Rs. 25 lakh maximum sum assured | Flexible premium payment mode; guaranteed fixed-term income; premium return at end of payout term; loan facility up to 80% of surrender value |
| ICICI Pru Savings Suraksha Endowment Plan | 0-60 years | Rs. 12,000 | 97.82% | Monthly, half-yearly, and annual premium payment terms; sum assured up to 10 times of annual premium; death benefit to nominee; maturity benefit at term end | Surrender benefit; loan option; flexible premium payment modes |
| Bajaj Allianz Life Flexi Income Goal-Enhanced Benefit | 0-55 years | According to the minimum sum assured | 99.02% | Policy term from 5-25 years; sum assured from Rs. 1,58,400, monthly, quarterly, six-monthly, and annual premium payment modes available; maturity benefit; death benefit; survival benefit; riders available | Joint life coverage available; return on survival benefit; flexible premium payment terms |
| Max Life Guaranteed Monthly Income Plan | 6-60 years | Rs. 20,000 | 99.34% | Premium payable only annually; death benefit to beneficiary; surrender value after premium payment for 2 years | Benefit of increasing income; surrender benefit; guaranteed income every month for a term of 10 years |
| Edelweiss Tokio Life Single Pay Endowment | 3-70 years | Rs. 40,000 | 98.09% | Loan facility available; guaranteed maturity income; minimum sum assured up to Rs. 50,000; 4 add-on rider options | One-time premium payment option; guaranteed benefits assured; more life coverage available than the premium payable |
| Aditya Birla Sun Life Insurance Assured Savings Plan | 1 month-65 years | Rs. 20,000 | 98.07% | Monthly, quarterly, half-yearly, and yearly premium payment; maximum sum assured up to Rs. 25 lakh; joint life cover; maturity benefit; death benefit; rider options available | Tax benefits; death benefit provided |
| Bharti AXA Guaranteed Income Pro Plan | 0-60 years | Rs. 50,000 | 99.05% | Maturity benefit; guaranteed income 11x the cost of a single premium paid; 105% of all premiums paid at the time of death; assured additions paid in lump sum | Annual bonus in addition to maturity and death benefits; option to include add-on riders to enhance coverage |
| Kotak Classic Endowment Plan | 0-60 years | Rs. 12,000 | 98.50% | Policy term 15-30 years; monthly, quarterly, half-yearly and annual premium payment options; minimum sum assured depending on premium | Bonus payment in addition to maturity and death benefits; premium waived off in case of critical illness |
| PNB Metlife Endowment Savings Plan Plus | 8-60 years | Rs. 18,000 | 98.17% | Monthly, half-yearly and annual premium payment modes; minimum sum assured of Rs. 2,20,000 | One-time premium payment option; guaranteed benefits assured; more life coverage available than the premium payable |
5 Benefits of an Endowment Insurance Plan
We looked at the top 10 endowment insurance policies to invest in 2022 above. Now let us quickly look at the advantages of investing in endowment insurance:
- You can avail loan facility: Endowment plans allow the policyholder to seek loan up to 80% of the plan’s surrender value.
- You are entitled to maturity benefit: Maturity benefit is granted to the policyholder at the end of the policy term. This benefit is assured and is the total of sum assured, bonus (if any) and guaranteed additions above the sum assured.
- You are entitled to receive loyalty additions: Some other additions are granted by the insurer under endowment plans in the form of bonus, such as guaranteed additions or regular income payouts.
- Your beneficiary is entitled to receive death benefit: In case of an unfortunate demise of the policyholder during the policy term, his/her beneficiary is entitled to receive a monetary death benefit under the plan from the insurer.
- You are entitled to tax benefits: The premium payable towards an endowment plan is permissible for deductions from the taxable income under the Income Tax Act, 1961. Deductions up to Rs. 1.5 lakh are allowed on all premiums already paid. Besides, maturity benefit, death benefit and other plan benefits are all free of tax under Section 10(10D) of the ITA.
Endowment plans offer the dual benefit of investment returns and insurance protection, while term insurance plans are not savings-oriented.
Yes, endowment policies are considered good investment options since they are for the long term which means the returns on these plans are considerably higher in the long run. Besides, endowment plans also facilitate disciplined saving practices among individuals.
The general rate of return on an endowment plan over a 30-year term is around 5.5%
There are a number of factors to consider when choosing an endowment policy:
>The financial requirements of an individual, both in the present as well as in the future
>The current income of the person
>Their capacity to take risks
>Cost of the premium
Based on these factors, one decides which endowment plan is best to go for.
A total of 3 endowment plans work by the 120% rule. This means that the five-year restriction period is subject to extension if the annual contribution of the investor is higher than 120% of their total contribution annually made in either one of the previous two years.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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