This is the most suitable arrangement to provide for an adequate income at the time of retirement or an earlier age when certain liabilities are expected to be met. The risk of premature death is at the same time covered. There is a variety of endowment policies available. The policies mature for payment at the expiry of the specific terms of 5, 10, 15, 20, 25, 30, 35, 40, 45 or 50 years or death whichever is earlier.
Accidental death benefit and Accidental disability benefit will be available if the life insured is aged 50 years or less whereas Treatment of Cancer Benefit or Bypass Surgery Benefit will be available if the life insured is aged 35 years or less.