Greatassure Endowment Insurance is an insurance plan that provides you with a lump sum payout at the end of the policy term. This type of insurance plan is suitable for people who want to take the risk of a long-term investment but still have the security of a guaranteed sum at the end of the term. The insurance plan is offered by Greatassure, which is a leading insurance provider in India.
The Greatassure Endowment Insurance plan offers a wide range of features and benefits. First, it is a long-term insurance plan that can provide you with a lump sum at the end of the policy term. The policy term can be anywhere between 5 and 25 years, allowing you to choose a term that suits your needs. The policy also offers a guaranteed return of your premium payments, which is guaranteed to be at least 7%. This means that you will receive a guaranteed return on your investment, even if the stock market does not perform well.
In addition to the guaranteed return, the Greatassure Endowment Insurance plan also provides you with a variety of additional benefits. First, you can avail of a tax deduction on the premiums paid towards the policy. This means that you can save on your taxes by investing in an insurance plan. Secondly, the policy also offers a life cover of up to 10 times the annual premium paid. This ensures that your family is financially protected in case of your death.
The Greatassure Endowment Insurance plan also offers additional benefits such as a flexible premium payment option. You can choose to pay your premiums either on a monthly, quarterly, half-yearly or yearly basis. This ensures that you can manage your finances in an effective manner. Moreover, the policy also provides you with a free look period of 15 days, during which you can review the terms and conditions of the policy and decide if it is suitable for your needs or not.
In addition to these features, the Greatassure Endowment Insurance plan also provides you with a wide range of investment options. You can choose to invest in a variety of funds such as equity, debt, and money market. This ensures that you can choose an investment strategy that is suitable for your risk appetite and financial goals. Moreover, the policy also offers you the option to switch between funds, allowing you to reallocate your investments as and when required.
Overall, the Greatassure Endowment Insurance plan is an excellent choice for people who want to take the risk of a long-term investment but still have the security of a guaranteed sum at the end of the policy term. The policy offers a guaranteed return, a wide range of investment options, and additional benefits such as a life cover and a flexible premium payment option. Therefore, it is definitely worth considering if you are looking for an insurance plan that offers a lump sum payout at the end of the policy term.
How to Apply for Greatassure Endowment Insurance
If you are interested in applying for the Greatassure Endowment Insurance plan, you can do so easily online. All you need to do is visit the Greatassure website and fill out the online application form. You will need to provide some basic information such as your name, age, address, and the type of policy you are interested in. Once you have submitted the application, you will receive a confirmation email from Greatassure with the details of your policy.
Once you have received the confirmation email, you will need to make the premium payment. You can make the premium payment either online or through a cheque. Once the premium is paid, you will receive a policy document that contains all the details of your policy. You can review the policy document carefully before signing it to make sure that it meets your needs.
Once you have signed the policy document, you will be covered by the Greatassure Endowment Insurance plan. You can then enjoy the various benefits that the policy offers and be sure that you are financially secure in case of any eventuality.
Conclusion
The Greatassure Endowment Insurance plan is an excellent choice for people who want to take the risk of a long-term investment but still have the security of a guaranteed sum at the end of the policy term. The policy offers a guaranteed return, a wide range of investment options, and additional benefits such as a life cover and a flexible premium payment option. Therefore, it is definitely worth considering if you are looking for an insurance plan that offers a lump sum payout at the end of the policy term.
