Call us



Have query on premium, payout or any servicing need?

Dedicated NRI Helpdesk:

Call Icon +91 22 6251 9966

Monday - Saturday | 10 am - 7 pm IST
Call charges apply


Want to buy a new policy online?

For Indian Residents

Call Icon +91 22 6984 9300

Give missed call for a call back:

Call Icon +91 11 6615 8748

Monday - Sunday | 8 am - 11 pm IST

Exclusively for NRIs

Initiate Internet Call

Data charges may apply

Give missed call for a call back:

call +91 11 4473 0242

Available All Days | 24 x 7

Back Arrow Icon
Close Button
Back Arrow Icon
Close Button

Endowment Policy

Endowment Policy

Fulfil all major life goals with Tata AIA Life Insurance
Endowment Plans

Fulfil all major life goals with Tata AIA Life Insurance
Endowment Plans

  • Get tax free# guaranteed* returns

  • Get life cover to secure your family from unforeseen events

  • Pay premium amount in easy monthly instalments

*T&C apply

Get guaranteed* income to fulfill your life goals

Get guaranteed* income to fulfill your life goals


    TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.

    Almost every minor or major milestone in our life has some financial aspect attached to it. This could be relocating to another city or country, sending your child to a renowned college, purchasing a car or house or starting a new business! While these events certainly have an emotional value, they come for a price. And to ensure that money does not come in the way of fulfilling these goals, you need to equip yourself with an endowment plan.

    Tata AIA Life Insurance endowment plans are designed to ensure that every milestone in your life can be fulfilled with an endowment policy that you have chosen and customised as per your needs. With ample choices in the policy term, premium payment terms, coverage and riders^, our endowment plans act as a fool-proof financial solution to help you achieve your dreams!

    What is an Endowment Policy?

    In a traditional life insurance plan, a death benefit is paid out to the nominee in the event of unfortunate death of the life assured during the policy term.  An endowment plan has a dual benefit of life insurance and savings.

    An endowment policy is a type of savings life insurance policy that helps you save your money systematically throughout the policy term and then receive the benefits on maturity. While endowment plans also have a death benefit, as savings plans, they serve the purpose of helping you save a financial corpus for the future when you need to fulfil some major financial goals such as your child’s education, retirement, or down payment on a home.

    Know More about our Best-Selling Endowment Plan – Tata AIA Guaranteed Return Insurance Plan

    Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan (UIN:110N152V11)

    Tata AIA

    Guaranteed Return Insurance Plan

    Plan Benefits

    • Get guaranteed* return on your investment

    • Avail loan against the policy

    • Save Income tax up to Rs 46,800**

    • Pay premium in easy monthly instalments

    *T&C apply

    How Does an Endowment Policy Work?

    An endowment insurance policy is a type of savings policy that allows you to receive a lump sum benefit on maturity. You get to choose an endowment with a policy term, premium payment flexibility and total sum assured of your choice. Moreover, you can also select some optional riders^ to add to your endowment life insurance policy to enhance its coverage. The riders are useful as they enable you to handle sudden emergencies such as a critical illness or accidental death, or disability without interrupting your savings.

    The insurance company manages the investment component of the premiums paid by you, to provide a steady return on your investment. Your savings fund grows with the passing years as you pay your premiums regularly, and this also lets you protect your family from financial uncertainties. Moreover, in case of your untimely death during the policy term, your family will be taken care of by the guaranteed death benefit sum assured.

    However, if you survive the term, a lump sum benefit, which is your savings fund, is paid out to you as an endowment benefit. With the help of this endowment benefit, you can plan major purchases and fulfil your goals or make investments of your choice.

    Why Buy an Endowment Policy from Tata AIA Life Insurance?


    • 01

      High Coverage at Affordable Premiums

      With a Tata AIA Life Insurance endowment life insurance policy, you can avail the maturity amount i.e., the amount you will receive at the end of the policy term at affordable premiums.
    • 02

      Secure Your Family from Financial Liabilities

      Our endowment plan has a life insurance cover designed to protect your family against the threat of financial uncertainties and emergencies in your absence.
    • 03

      Loan Facility

      The plan offers loan facility through which you can borrow against the policy’s cash value in case of any emergency. This can be useful if you need funds during the policy term.
    • 04

      Get Tax Benefits

      Under Sections 80C and 10(10D) of the Income Tax Act, you can enjoy tax# benefits on the premiums and death benefits of your endowment plan.


    • Types of Endowment Life Insurance Plans

      In India, there are four types of endowment life insurance plans:

      Traditional Endowment Plans

      These are traditional life insurance plans that combine the benefits of insurance and savings. Under a traditional endowment plan, the policyholder pays premiums for a certain period, and upon maturity of the policy, the policyholder receives a lump sum payout.

      Unit Linked Endowment Plan

      These are insurance plans that combine the features of both insurance and investment.  A part of the premium amount is invested in equity or debt securities. The policyholder can choose the desired fund and returns are based on the fund performance.

      Non-Profit Endowment Plan

      Under this type of endowment policy, a maturity amount is paid to you at the end of the policy term, or a lump sum benefit will be paid out to your nominee in the event of your unfortunate demise. These policies are known as non-profit endowments because the life insurance policy does not comprise any additional bonuses. Therefore, the guaranteed payout will remain the same as the amount pre-determined at the time of policy purchase.

      Low-cost Endowment

      The premium amount under this type of endowment plan is low, which helps you save your money for future payments. A certain amount is guaranteed to be paid out on maturity; in the event of your death, your nominee will receive the same. Moreover, yearly bonuses, as and when declared, will be payable, which boosts the maturity corpus. Hence, these plans can help you accumulate a financial fund within a defined period.

    Why Should You Buy an Endowment Policy?

    These are some of the reasons why you should have an endowment life insurance policy:

    • Regular Savings

      An endowment policy helps you save some amount of money each month or year, as per the premium payment term of your choice. Over the years, this helps you develop a regular habit of saving your money for your future. The savings you build can be as much as you want them to be, depending on the maximum limit your insurance company allows you to invest.

    • Maturity Benefits

      A lot of long-term financial goals, such as purchasing a new home, paying for your child’s further education, or starting a new business venture, can call for a lot of funds. And you will need this money as a lump sum amount instead of in small payouts. When your endowment insurance policy matures, you are entitled to the lump sum benefit for the fulfilment of your goals.

    • Life Insurance

      Endowment plans come with a protective life insurance cover that can help your family lead a financially comfortable life in case you are not around to provide for them. The life cover component is built alongside your savings, so in case of an emergency, you do not have to worry about not having an alternative arrangement for your family’s financial stability.

    • Lower Risks

      As compared to market-linked investments, an endowment plan carries very low risk, which makes it ideal for low-risk investors. By simply saving your money in a systematic way over the years, you can accumulate a financial fund that you can receive on maturity. Since this amount is a guaranteed benefit, there is no risk of losing any money, and you can utilise the lump sum for your goals.

    Features of an Endowment Plan

    Here are some of the salient features of an endowment plan:

    • 01

      Dual Benefits

      Endowment plans are preferred by many because they offer the added benefit of life insurance while you build your savings throughout the policy term for the fulfilment of your goals. This ensures that you and your family can be protected against uncertainties while you save for your future.
    • 02

      Guaranteed Returns

      The returns on an endowment insurance policy are guaranteed, and when you purchase such a policy, you can easily choose the sum assured you want to receive on maturity. Moreover, since endowment policies are low-risk investments, you will not lose any of the sum assured on maturity and can utilise the entire lump sum amount.
    • 03

      Flexible Options

      To help you pay the premiums easily to build a monetary fund, you can choose the premium payment term and mode which lets you pay the premiums for a selected number of years. You can also pay the premiums by the month or on a half-yearly or annual basis as per your convenience.
    • 04

      Enhanced Coverage

      An endowment insurance policy also allows you to add optional riders to the policy to enhance the coverage. As a result of this, you can face any specific emergencies without having to disrupt your savings plan in any way. The benefits of the riders help you keep your policy active while tackling emergencies.

    Benefits of an Endowment Policy

    • Long-Term Savings

      You can choose the number of years to save your money through the endowment policy and pay the premiums over the policy term. This ensures long-term savings until the plan matures and you can receive the benefits.

    • Tax Benefits

      The premium payments of the endowment insurance policy are eligible for tax# benefit under Section 80C of the Income Tax Act, while the lump sum benefit received on maturity is tax-free under Section 10(10D) of the Income Tax Act.

    • Rider Benefits

      You can add optional riders^ to your endowment plan based on what risks and events you are seeking coverage against. At nominal premiums, these riders can help you continue your savings while handling unforeseen events.

    • Death Benefits

      The life insurance cover of your endowment life insurance helps your family receive an assured death benefit in case of your untimely demise during the policy term. The life insurance death benefit helps them out financially in your absence.

    • Fulfilment of Goals

      The lump-sum returns from your endowment policy can help you commit to the fulfilment of long-term goals. You can plan for major financial obligations in the future, such as setting up a trust fund with a lump sum endowment.

    • Guaranteed Returns

      Since the endowment plan returns are guaranteed, it becomes easier for you to chart out your future goals. Depending on the amount you want to save and the policy term, you can time your financial plans accordingly without any losses.


    • Who Should Buy an Endowment Plan?

      An endowment plan provides a lot of flexibility in terms of the policy term, the premium payment terms, modes, and frequencies while also allowing you to choose how much you would like to save. This makes an endowment life insurance policy a feasible option for nearly everyone.

      However, it is important to note that an endowment life insurance policy pays out the benefits of the policy as a lump sum amount on maturity. Therefore, people who intend to fulfil their financial objectives in the future with the help of a lump sum benefit can make the best use of endowment plans.

      These plans offer a disciplined way to approach your savings which makes it easier for you to plan your funds for the future. With the choice of premium payment terms and modes, you can choose the number of years for which you want to pay the premiums. Below are three categories of people who can opt for endowment life insurance.

      Those With Major Future Goals

      A future investment or the fulfilment of a major financial goal means you have to be ready with the right amount of finances. An endowment plan can offer you the entire benefit as a lump sum so that you can plan for an expensive vacation, a large business investment or a big purchase for the future.

      Those Who Seek Savings and Insurance

      The life insurance component in an endowment plan is important for those who do not want to compromise their family’s security due to an unforeseen event. The life cover can help such people save their money while not having to worry about the financial future of their loved ones.

      Those With Flexible Financial Plans

      Many people prefer planning their own investments as time goes by. Hence, instead of opting for regular income, they choose an endowment benefit that puts the entire corpus in their hands, allowing them to decide how they wish to invest it, spend it or save it, as per their convenience.

    Documents Required for an Endowment Plan

    When you want to buy an endowment life insurance policy, these are the following documents you might need:

    Valid Address Proof

    Valid ID Proof

    • • Passport
    • • Voters ID card
    • • Driving License
    • • Job Card issued by NREGA duly signed by an officer of the State Government
    • • Masked Aadhar Card
    • • Letter issued by UIDAI
    • • National Population Register
    • • Passport
    • • Voters ID Card
    • • Driving License
    • • Job Card issued by NREGA duly signed by an officer of the State Government
    • • Masked Aadhar Card
    • • Letter issued by UIDAI
    • • National Population Register


    Use Our Online Calculator to Calculate the Premium Amount

    Things to Consider Before Buying an Endowment Life Insurance Policy

    • Plan Early

      You should start planning your endowment life insurance policy in advance and at an early age so that you can time the fulfilment of your goals well with the lump sum benefits received on maturity. By choosing a policy term and premium payment option of your choice, you can sync your goals perfectly with your savings.

    • Compare policies

      Since an endowment life insurance policy is quite flexible, you should compare different plan options, policy terms and other benefits to check which endowment plan will be most suitable for you. If you have long-term goals, then be sure to choose a policy term that will enable you to accumulate your wealth over the long term.

    • Flexible options

      To ensure that the premium payments do not become a hassle and you are able to manage all your other expenses during the policy term, opt for a premium payment term, mode and policy term that lets you decide how to create your savings fund while keeping the premiums affordable and reasonable.

    • Check riders

      Optional riders are always good for your endowment plan as they cater to specific emergencies such as accidental disability and critical illnesses. Look for adequate rider options so that you can choose the ones that are most useful in enhancing the coverage of your endowment plan.

    People Like You Also Read

    FAQs About Endowment Life Insurance

    General Coverage Premiums Claim

    What is an endowment plan?

    An endowment plan is a form of savings life insurance policy that helps you save your funds over the policy term for a lump sum maturity benefit at the end of the policy term. Endowment plans also offer a life insurance cover to help protect your family’s financial future with a death benefit.

    Can I customise an endowment plan as per my needs?

    Yes, if your endowment life insurance policy offers different plan options with different policy terms and premium payment terms, you can choose a sum assured and a premium payment mode as per your needs and budget and customise your policy.

    What does an endowment plan do?

    An endowment plan helps you make systematic savings through your policy and receive a guaranteed lump sum payout at the end of the policy term. Moreover, life insurance endowment plans also offer life insurance protection to you and your family so that in the event of an unfortunate occurrence, they are able to support themselves.

    When is the best time to opt for an endowment life insurance plan?

    You should start planning a life endowment policy once you have your future financial goals planned out. This can start as early as your 20s or later in your 30s as well. Since endowment plans offer flexible premium payment options and policy terms, you can choose how many years you want to invest in an endowment plan.

    Is it possible to surrender an endowment plan?

    You may choose to surrender your endowment plan as long as the premiums for the first two years have been paid under the Limited and Regular Pay. However, it is recommended that you do not surrender your endowment plan as the maturity benefits can help you achieve your financial goals.

    Does the Tata AIA Life Insurance endowment plan have any additional features?

    Yes! With Tata AIA Guaranteed Return Insurance plan, you have the flexibility to cover your spouse in same policy under Whole Life Income Option.

    Are there tax benefits for all endowment plans?

    Yes, the premiums paid towards an endowment policy are eligible for tax# deductions under Section 80C of the Income Tax Act, while the death benefits and maturity benefits are tax-exempt under Section 10(10D) of the Income Tax Act, subject to the policy terms and conditions. 

    Does an endowment policy also offer life insurance coverage?

    Yes, life insurance endowment plans offer life insurance coverage so that you can protect your family’s needs while accumulating a lump sum savings for your future commitments.

    How do I pay affordable premiums for my endowment plan?

    Tata AIA Life Insurance enables you to compare the plan options so that you can choose which endowment policy is best suited for your needs. You can choose the coverage, a premium payment term and a policy term as per your preference so that you can pay affordable premiums.

    How to pay the premiums under an endowment policy?

    You can pay the premiums on an annual, semi-annual, and monthly basis under a life insurance endowment policy.

    For how many years do I need to pay my premiums for my Tata AIA Life Insurance endowment plan?

    With Tata AIA Guaranteed Return Insurance Plan, you can choose a premium payment term from 5 to 12 years, depending on your choice of the policy term and your premium payment mode (Single, Annual/ Half-yearly/ Quarterly/ Monthly).

    What type of claims can be filed on an endowment plan?

    In case of the policyholder’s death, their nominee can file a death claim on the endowment policy. On the other hand, if the policyholder outlives the policy term, then they are entitled to a maturity benefit and will have to file a maturity claim.

    Can a claim be processed if the nominee is not in India?

    Yes, to file the claim, if the nominee is not in India, they will have to upload the attested copies of their documents online or send them to us by email. To file the claim offline, they will have to courier the documents to their representative in India, and they can visit us at any of our offices to file the claim.

    How can my nominee file an online or offline claim for an endowment plan?

    As a nominee, you can file a claim after the policyholder’s death and contact us through any of the given channels:

    • Email us at:
    • Call our helpline number - 1860-266-9966 (local charges apply)
    • Walk into any of the Tata AIA Life Insurance Company branch offices
    • Write directly to us at:

    The Claims Department,
    Tata AIA Life Insurance Company Limited
    B- Wing, 9th Floor,
    I-Think Techno Campus,
    Behind TCS, Pokhran Road No.2,
    Close to Eastern Express Highway,
    Thane (West) 400 607.
    IRDA Regn. No. 110

    What are the documents needed to file a claim?

    Please click here to know the list of documents needed for the claim intimation and settlement process.


    • The complete name of Tata AIA Guaranteed Return Insurance Plan is Tata AIA Life Guaranteed Return Insurance Plan - Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan (UIN:110N152V11)
    • *The benefits under the plan are Guaranteed and may be a % of the Annualised Premium or Total Premiums Paid based on the plan option selected. Please refer Brochure for more details.
    • #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
    • **Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
    • ^Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
    • This product is underwritten by Tata AIA Life Insurance Company Ltd.  
    • The plan is not a guaranteed issuance plan and it will be subject to company’s underwriting and acceptance.
    • Insurance cover is available under this product.
    • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
    • Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs and the Surrender Value payable may be less than the all the Premiums Paid.
    • In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
    • Risk cover commences along with policy commencement for all lives, including minor lives.
    • Policies sourced through PoS Channel will not have any medical examination. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
    • All Premiums and interest payable under the policy are exclusive of the taxes, rider premiums, underwriting extra premiums, loading for modal premiums, if any which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium or interest. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
    • L&C/Advt/2023/Mar/0886

    Looking to buy a new insurance plan?

    Existing customer?


    New user? Our experts are happy to help.


    TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in

    Thank you for sharing your details.

    Our representative will contact you soon.