• Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

  • Here's a Comprehensive Tool To Plan Your Child's Future

  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

  • Paying your Renewal Premium is Quick and Easy!

  • Know the right amount of Insurance you need in just a few steps!

  • Avail Term Insurance Tax Benefits under Section 80D

  • Know how to invest money during the covid-19 pandemic!


Thanks for showing your interest. A representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead


I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business


Please refer to BALIC Privacy Policy

In this policy, the investment risk in investment portfolio is borne by the policy holder.

Strong Long Term Fund Performance Track Record**

One Of The Most Trusted Brands#

Endowment Plan Premiums: What Are They | Bajaj Allianz Life

Tax Benefits~ On Online ULIP Plans

Please enter a Name
Please enter a Mobile No.
Please check the box to proceed
WS_LIGuideHome_Banner_EN 307 38983691 WS_LIGuideHome_Banner_HI 307 38983695
WS_LIGuideHome_Banner_Mob_EN 307 38983693 WS_LIGuideHome_Banner_Mob_HI 307 38983677
Please Select Language

**, #, T&C Apply | BJAZ-WB-EC-02755/21

Endowment Plan Premiums: What Are They?

By : Bajaj Allianz Life

When the aim is protecting your family financially in case any unforeseen, adverse situations such as death occurs, life insurance plans may be one of the preferred ways. However, with a plethora of life insurance plans available, it can be a little difficult to pick up from the available options. The endowment plans make a suitable option (for those who also look for returns in addition to life cover) to achieve various life goals as they bring with them the fused benefits of savings and life cover. Read on to learn about endowment plan premiums and more.


What is an Endowment Plan?


Simply put, an endowment plan is a life insurance plan that offers both death and maturity benefits. If the policyholder dies during the policy term, the assured sum is given to the nominee. However, if the policyholder lives through the policy term, a lump sum maturity benefit is given to the insured upon the end of the policy tenure. The most striking feature of an endowment policy is that it offers you the dual benefits of life insurance coverage plus savings.


Endowment Plan Premiums:


The endowment plan premium will depend directly on the sum assured that you have opted for. After a specified number of years, you may be expecting a certain amount in hand, and so, in order to reach that amount, you would have to make regular premium payments. Use an online investment calculator to see how your endowment plan premium will affect your sum assured.

To understand more about endowment plan premiums, let us now take a look at the various factors that may affect them.


Factors Affecting Endowment Premium Value of Endowment Plans


Like every other life insurance plan, endowment plans also require the insured to pay the premiums as per the policy's terms and conditions. However, the endowment plan premium may differ from individual to individual based on factors like-

1. The sum assured you choose

In case of his/her demise, the amount that the insurance company promises to disburse to the family of the insured is the sum assured in an endowment plan. The higher the sum assured, the higher will be the premium charged, depending upon the terms and conditions of the policy.

2. Your age

Age plays a significant role in deciding your premium, and the older you are, the higher your premium can be. So, getting yourself a life insurance as early as possible may be considered.

3. Your gender

Studies say life expectancy of women is higher than men1. Life insurance companies may sometimes apply different standards of health for men and women, considering certain markers of health. That said, your gender may have an impact on the premiums2.

4. Your lifestyle habits

People who smoke or drink are sure to pay a higher premium for life insurance plans in comparison to non-tobacco users. This is because tobacco poses greater risk to life.

5. Your medical well-being

Some people already have underlying medical conditions when they opt for a life insurance plan. In such a case, the existing medical condition may have an impact on the premium payable.

6. Bonuses you get

There are two broad categories in endowment insurance plans, participating and non-participating. In a participating policy, the insurance company shares its profits with the policyholder in the form of bonuses, and thus such policies may require you to pay a comparatively higher premium.

7. The add-ons that you choose

Add-ons are the extra coverage that you add to your endowment plan on payment of additional nominal premium. For instance, critical illness, waiver of premium, hospital cash benefit, etc., are some popular add-ons. If you opt for them, the premium also increases.




If you are planning to opt for a disciplined and systematic way of building a corpus, an endowment policy might be the way to go ahead. For your goals, such as retirement, children’s higher education or wedding, etc., you may choose an appropriate plan that offers the twin benefits of savings and life coverage.




1. Can I get a loan against my endowment policy?

Yes, if you have existing endowment plans you may be able to get a loan up to a specific amount depending upon the policy terms and conditions. However, insurance companies may have different terms, so you should find out about this from your insurance agent or insurance company.

2. Who should invest in an endowment policy?

Anyone can purchase an endowment plan. However, those who wish to purchase life insurance that also gives you the leverage of investment and maturity benefits may go for an endowment plan.





#Survey conducted by brand equity – Nielsen in March 2020

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

**Past performance is not indicative of future performance.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.

In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. The views stated in this article is not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on carefully before concluding a sale.