LIC endowment plan is an insurance policy that offers a combination of protection and savings. This type of policy provides financial security to the policyholder's family in the event of his/her death. The policy also offers a lump sum payment at the end of the policy term, which can be used for various purposes such as retirement planning, children's education, etc. LIC endowment plan is a popular choice among investors looking for a long-term investment option with the added benefit of life insurance.
