Work out endowment policy maturity instantly with clear inputs, formula shown and shareable results.
A traditional endowment pays the sum assured plus accumulated reversionary bonuses at maturity. Bonuses are declared per thousand of sum assured each year and are not guaranteed, so the maturity value is an illustration rather than a promise — and the implied return is usually modest.
Accumulated bonus
Bonus = Sum assured / 1,000 x Bonus per 1,000 per year x Term
Maturity value
Maturity = Sum assured + Accumulated bonus
Illustrative projection only. Bonus rates are not guaranteed and actual maturity values depend on insurer performance, charges and taxation. Not investment or insurance advice.
No. They depend on the insurer's investment performance and are declared annually. Once declared, they attach to the policy.
It bundles modest protection with low-return savings. Separating term cover from a market-linked investment usually produces a better outcome for the same outlay.