Term insurance and endowment insurance both provide life cover, but they work very differently.
Term insurance is simple. You pay a small premium for a fixed time (like 20 or 30 years). If you die during that time, your family gets the full sum assured. If you survive, you get nothing. It is pure protection and very affordable.
Endowment plan offers life cover plus savings. If you die, your family gets the sum assured. But if you live till the policy ends, you get the money back with bonuses. It is more expensive but gives returns.
Choose term insurance if you want high coverage at low cost. Choose endowment if you want protection and savings together.
Both are good—but for different needs.
