Should You Invest in Endowment Policy | Money Doctor Show English | EP 144
Endowment plan is not an investment plan. It is just a saving plan. A saving plan is a plan where you have to save a certain amount of money every year. You may get some small rate of interest. But then, an investment plan is a plan where you get a return on investment which is better than the inflation rate. If you are not investing money in endowment plan the returns you get there is not sufficient to beat the inflation. If you are looking for just savings it is ok to go with the Endowment Plan. Endowment plan is not an investment plan it is not wise to invest in Endowment plan. Endowment plan will not give you the returns even to beat the inflation. Hence don't go for Endowment plan.
Subscribe to Our Channel
Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.