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Chetan Joshi13 Feb 2020Endowment Insurance covers the person for a specific period. Thus the individual can insure himself till the period he desires. In the event of the death of the individual nominee receives the sum assured and bonuses the insurance company has paid for the years the policy has been in force. Benefits of the endowment plan are : Giving financial security to the loved ones, Tax-benefits under section 80C of the Income Tax Act, Guaranteed maturity benefits.
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