Endowment life insurance type of life insurance policy that not only provides coverage in the event

Endowment Life Insurance, also known as Endowment Insurance, is a type of life insurance policy that not only provides coverage in the event of the policyholder’s death within a certain period but also guarantees the return of the cash value if the policyholder survives the term of the policy. This dual benefit system makes it an attractive option for those who want to combine life protection with a savings component. Typically, DWIGUNA insurance policies have higher premiums compared to regular life insurance products due to the savings element included. They are best suited for individuals in their productive years, offering a financial safety net and the opportunity to plan for future needs such as children’s education, retirement funds, or other long-term financial goals. . Main Benefits of Endowment Life Insurance: 1. Life Protection: The insured’s heirs will receive the insured amount if the insured dies during the insurance period. 2. Cash Value: The insured will rec