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endowment policies vs term insurance?

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25 Aug, 2021 by  Dhayanandan Murugesan

Is there any article available comparing term insurance vs endowment policies offered by LIC, PLI etc.,?

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Basics of Insurance

3 Answer

25 Aug, 2021
Self Employed - Digital Consultant

You will find many articles on internet.

Are you looking for an article written by Beshak team?

Asad Akbar

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27 Aug, 2021
CEO, Insurance Samadhan


You can not compare apple with orange .

Every insurance product has three components

E : expense , less in term more in endowment .

M : cost of mortality , same in term and endowment .

I : investment , zero in term and yes in endowment as per survival benefit .

All endowment product has term insurance in it . You remove investment amd it will become term .

Hope this clarifies


Insurance Samadhan

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30 Jan, 2023
Sophia James

Yes, there are many articles available that compare term insurance vs endowment insurance offered by insurance companies such as LIC and PLI. These articles will typically provide an overview of the key differences between the two types of policies, including their coverage, premiums, benefits, and more.

Term insurance policies provide coverage for a specific period of time, typically between 10 and 30 years. They are typically less expensive than endowment policies and often provide a higher coverage amount.

Endowment policies, on the other hand, provide coverage for the policyholder's entire lifetime and also have a savings component. They are typically more expensive than term insurance policies and the coverage amount is usually lower.

It is important to note that both types of policies have their own advantages and disadvantages, so it's important to consider your own specific needs and circumstances before choosing one. It's recommended to compare the policies offered by different insurance companies and consult with a financial advisor or insurance agent to help you make an informed decision.

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