Endowment
5
Overview
With the costs of higher education rising, it makes sense to plan
for your child’s future by investing in Great Eastern Life’s
Endowment 5, a savings plan with projected higher returns than regular
bank deposits that provides you long-term returns in exchange for
short-term commitment.
Endowment 5 offers you a two-in-one package – protection and
savings. You pay guaranteed premiums for just 5 years but your plan
provides coverage for total and permanent disability or death from
anywhere between 10 and 20 years. You’ll also enjoy attractive
returns upon maturity of the policy. For instance, if you purchase
a 20-year term policy for your newborn child, you pay premiums till
he’s just 5 years of age, and look forward to receiving a
lump sum payout just when he’s ready for university.
You also have the option of enhancing your policy with coverage
for hospitalisation, accident, and loss of income.
