Top Endowment Life Insurance Plans with High Maturity Benefits
When it comes to securing your family’s financial future while also growing your savings, endowment life insurance plans stand out as one of the best options. These plans not only provide life cover but also guarantee a lump sum maturity benefit, making them ideal for long-term financial planning. If you’re looking for the best endowment insurance policy with high returns, this guide will help you understand the top plans, their benefits, and why they are worth investing in.
What is an Endowment Life Insurance Plan?
An endowment plan is a type of life insurance policy that combines insurance protection with savings and investment benefits. The policyholder pays regular premiums for a fixed tenure. If the policyholder survives the term, the insurance company pays a maturity amount that includes the sum assured plus bonuses. In case of the policyholder’s death during the policy term, the nominee receives the death benefit.
This makes endowment policies perfect for individuals who want both financial security and guaranteed returns.
Top Endowment Life Insurance Plans with High Maturity Benefits (2025)
Below are some of the best-performing endowment plans in India that offer high maturity value and attractive bonus benefits.
1. LIC New Endowment Plan
Life Insurance Corporation of India (LIC) is the most trusted name in the insurance industry. The LIC New Endowment Plan (Table No. 914) offers guaranteed maturity benefits along with loyalty additions.
Key Features:
- Life cover throughout the policy term
- Guaranteed maturity sum assured
- Additional bonuses depending on company performance
- Tax benefits under Section 80C and 10(10D)
- Loan facility after 3 policy years
This plan is ideal for those seeking long-term savings with low-risk investment returns.
2. HDFC Life Sanchay Plus
HDFC Life Sanchay Plus is a non-linked, non-participating savings plan that offers guaranteed income or lump-sum benefits.
Key Features:
- Guaranteed benefits on maturity
- Options for long-term income or lump-sum payout
- Life cover during the policy term
- Flexible premium payment terms
This plan ensures stable, guaranteed returns, making it one of the top choices for high-maturity investors.
3. ICICI Prudential Savings Suraksha
The ICICI Prudential Savings Suraksha Plan is designed for individuals who want protection and savings in one policy.
Key Features:
- Guaranteed maturity benefit plus bonuses
- Life cover for financial security
- Flexible premium payment modes
- Tax benefits on premiums and maturity amount
This policy is great for medium to long-term financial planning and goal-based saving.
4. SBI Life Smart Bachat
SBI Life Smart Bachat is a simple endowment plan that provides affordable premiums with guaranteed maturity value.
Key Features:
- Dual benefits of life insurance and savings
- Choice of limited or regular premium payment
- Additional rider options available
- Tax savings under the Income Tax Act
It’s one of the best value-for-money endowment policies for middle-income individuals.
5. Bajaj Allianz Endowment Assurance Plan
This plan from Bajaj Allianz Life Insurance combines protection, savings, and loyalty bonuses.
Key Features:
- Sum assured plus bonuses at maturity
- Additional loyalty additions after 10 years
- Flexibility in choosing the policy term
- High returns with minimal risk
It’s suitable for those looking for steady capital growth and guaranteed maturity benefits.
Why Choose Endowment Plans?
- Guaranteed Maturity Value: Safe and predictable long-term returns
- Life Insurance Coverage: Protects your family in case of unfortunate events
- Tax Benefits: Deductions under Section 80C and tax-free maturity under Section 10(10D)
- Loan Facility: Policy loans available after a few years of premium payments
- Disciplined Savings: Encourages regular investment habits
Conclusion
Endowment life insurance plans are perfect for individuals who want assured returns along with financial protection. Plans like LIC New Endowment, HDFC Life Sanchay Plus, and ICICI Prudential Savings Suraksha offer some of the highest maturity benefits in 2025.
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