Endowment Plan
Ensure Guaranteed Payments With
Endowment Plans
Are you worried about financial losses caused by construction accidents? As per reports, India accounts for the highest rate of workplace accidents, with around 48000 annual deaths. To mitigate the risks, opt for iCare Engineering Insurance. This type of insurance mitigates financial risks associated with construction projects. Our all-risk insurance covers theft, damage, and even “misfortune” for personal belongings. Don’t let your projects stop due to sudden machinery downfalls with our machinery breakdown insurance. Under this, you offer financial security if your essential machinery malfunctions. Plus, our contractor’s All-Risk Insurance coverage will provide comprehensive protection for civil engineering projects. Equipment is an important part of the construction business; therefore, our Contractor’s Plant & Machinery Insurance safeguards construction equipment during various stages of operation.
Quick Guide to Endowment Plans
An endowment plan combination of savings and protection. It provides a guaranteed sum assured at maturity and a death benefit if the policyholder dies during the policy term.
Endowment plans offer guaranteed returns, unlike other investment options. They provide financial protection to your family in case of your death.
Endowment plans are suitable for individuals with long-term financial goals, such as a child's education or retirement, and seeking guaranteed returns on their investments.
Various types of endowment plans are available, such as traditional endowment plans: These plans offer guaranteed returns and a death benefit. These plans provide periodic payouts throughout the policy term and a lump sum at maturity.
Choose a policy term that is as per your requirement. Next, select an adequate sum assured to meet your family's needs. Make sure that the premiums are affordable.
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