One of the major reasons why one should buy an endowment plan is that it provides an opportunity to save money in a disciplined way to fulfil future financial needs. Moreover, an advantage to this plan is that the insured person also gets life coverage along with an opportunity to build a corpus for a financially secured future. Under endowment policy, returns on the capital are usually tax exempted.*
These features make endowment plan more preferable for risk-averse investors as it also provides maturity benefit apart from death benefit offered to the nominee of the policy in case of an eventuality. Our endowment plan services are available in Dubai, Abu Dhabi, Sharjah, Ajman, Umm Al-Quwain, Fujairah & Ras Al Khaimah, UAE
*Please consult your tax advisor for more detailed information.