Which is the best life insurance endowment policy? Ashish, 27 May 2013

Hi, Iam planning to buy an endowment policy from LIC, ICICI Pru and Max Life? Please suggest.

Fintotal Answer

Its good that you haven't bought these policies. Endowment policies are a combination of insurance and investment which actually is not good for your financial health. They seem to be attractive but deliver very poor returns and the premiums are also high. Take a term insurance policy for your protection needs and invest in growth assets for better returns in long term. For more information read articles mapped under Insurance page on our website (insurance.fintotal.com).

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