Endowment Plan

A savings plan to help achieve your goals such as children's education, wedding, retirement corpus, etc. It combines elements of savings and protection.

Invest in assured benefit endowment plan, which clearly spells out the following upfront: Death Benefit and Assured Maturity Benefit.

Highlights

Risk Coverage: Payout of sum insured in case of demise of the policyholder to the nominee.
Maturity Benefit: Upon survival, policyholder is paid the assured value defined in the policy.
Tax Benefit: Policyholder can avail tax benefit under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein. Kindly note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or realisation of benefits by policyholder. It is advisable to seek independent advice.
Rider Benefit: Enhance the risk coverage by adding riders to your policy at a nominal cost.
Low Risk: Owing to the assured returns component, these plans tend to have a low risk.

DCB Bank Ltd. is licensed by Insurance Regulatory and Development Authority of India – IRDAI under registration number #CA0089 for conducting its Bancassurance business. Participation by Bank’s clients in insurance products is purely on voluntary basis.