Endowment Policy

 Endowment Policy -      Its a Combination of Protection and Savings whereby the lump sum amount will be paid either in the event of death/permanent disability  of the insured or on the date of expiry of the policy period, whichever occurs earlier and the policy will terminate.
  
      LIC   Endowment Policies are:
                                             1.  New Endowment Plan


Whole Life Policy -      Its a Combination of Endowment Policy with Whole Life Cover, whereby the lump sum amount will be paid either in the event of death/permanent disability  of the insured or on the date of expiry of the policy period, whichever occurs earlier  and policy will  not close and  still continue for rest of the life, without paying any premiums.
  
      LIC   Whole Life Policies :
                                             1.  New Jeevan Anand