Home |Life Insurance | If I opted for an Endowment plan of 1 crore cover and nothing happens to me in the covered period, does the insurance company returns 100% of the amount I paid all these years after the maturity of the policy?

If I opted for an Endowment plan of 1 crore cover and nothing happens to me in the covered period, does the insurance company returns 100% of the amount I paid all these years after the maturity of the policy?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on February 14,2022

Yes , that is the meaning of endowment .

On maturity , you receive guaranteed sum assured along with accrued bonuses.

You receive more than the amount paid by you provided you paid all due premiums.

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