Does Term Plan Have an Edge Over Endowment Plan?

Why do we buy insurance? The answers could vary as per different needs. Insurance could be for the sake of financial protection, it could be a tool used as pure investment and for some it is just another means for Tax savings. Insurance plans available in the market are designed to cater different needs, thus one should buy insurance not just because one needs too but there has to be a definite reason and purpose for the same. There is no doubt that in many cases the purpose is sole tax benefits offered by the insurance plans. The “insurance” element is largely undermined at times.

The main purpose of insurance is providing financial protection to the dependents in case of untimely death or disability of the breadwinner for the family. Thus insurance should be treated mainly as per individual needs and then for the tax benefit purpose.

Let’s understand the two traditional insurance plans and see which would be a better choice..

Term Insurance:

A Term Life insurance Policy is one of the most basic plan available in the market. Since it is the oldest type of policy available most new or young clients prefer beginning with it and then as years go by switch to other different policies as it is easily available with least premium amount thus making it the most preferred insurance cover for young first time clients.

Term insurance policy provides pure death risk cover with no further benefits attached unlike other insurance policies which provide for survival benefits as well. The term insurance policies are time defined with no claim paid once the policy duration expires i.e. These policies are limited time based which implies that the family gets the claim in case of untimely death which occurs during the policy period not beyond the term for which the policy is taken. No payment received if the policyholder outlives the term of the policy. Upon expiration, the policyholder may decide to either renew the policy or let it lapse. If the policy lapses, there is no reimbursement of the premium paid over the life of the policy.

In case of term insurance the premium component is least in the initial period or if the policy is taken at a young age but it rapidly increases with the age of the insured. This rapid increase is due to the mortality rate being higher as age increases.


The term insurance being a pure death cover is used to support the family in case of untimely death to repay any outstanding post-death liabilities.

Endowment Plan:

The Endowment plan is a combination of both insurance and investment. This plan covers the risk for a specific period and in case the policyholder survives the period the sum assured decided at the inception of the policy is made to the policyholder in the form of survival benefit. The premiums in this case are much higher than premiums for the term plans.

In case the policyholder dies during the term of the policy, the nominee is paid the sum assured along with the accumulated bonuses also known as the death benefit. And in case the policyholder survives the term the sum assured and the accumulated bonuses are paid as the survival benefit to the policyholder.

Since this plan provides guaranteed returns there are certain terms and conditions attached.

1) If the policyholder surrenders the policy within the first 3 policy years, he is not entitled to any surrender value.

2) If policy is surrendered after 3 years the surrender value received is less than the total premium amount paid for the 3 years.

3) The Bonuses are not guaranteed and generally paid only in case the company registers profits.

Now, having seen both the plans let’s compare the two plans:

Insurance theory stands on the principle of keeping insurance and investment apart and never mix the two. Thus, keeping this theory in mind term insurance is a better option since there is no investment element involved and thus no returns on maturity. The premium amount in case of term plan is less since it charges premium only for the protection and not investment whereas in case of endowment the premiums are loaded since it involves both investment and protection. The premiums in case of endowment is more since the premiums are invested in over instruments after deducting the insurance, mortality and other charges and return some part on maturity. The returns in case of endowment are much less compared to the premium paying terms selected.

Thus, all the above factors indicate that the Term Plan has an edge over endowment plan!!!

Rahul Kumar is the blogger and Full time writer in PolicyX. In this article he explain about Online Term Plan is one of the most basic plan available in the market. You can compare Term insurance plan in india in few sec.

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Evoluion Vs. Creationism



A spate of recent articles in the local paper has once again raised the spectrum of conflict in the teaching of various subjects in our schools. Specifically, the apparently never ending conflict between the so-called “Evolutionists”, and the “Creationists,” goes on. This is an either-or approach.

There does not seem to be a problem with our understanding of the various “cycles in nature,” (the rotating seasons of the year, the ebb and flow of the oceans’ tides, day/night, etc,) or the “fact” we live in a “dualistic” world: up/down; right/left; black/white, good/evil, etc. These principles seem to be self-evident, acceptable laws of nature; I.e. “Law of Periodicity”, or cyclic changes.

Suppose we try to apply these laws to the human family. For example, let us assume for the sake of argument that the human species is dualistic in the sense of being both a physical AND a spiritual entity, and undergoes change via the “Law of “The Pairs of Opposites.”


Let us further assume that physically, we do evolve through the long eons of time on this earth; I.e. “The “Law of Evolution.” So, physically, we evolve upwards from the lower human “specimens” I.e., savages, known to historical science, into the consciously self-aware human entities we are today.

Let us further assume that we gain our spirituality, a portion of the Divine, from a higher level of our solar system.That is, the human entity grows in spirituality by a gradual expansion of consciousness which accompanies its physical development, steadily transcending to higher planes of our solar system via individual exertion and the selfless serving of humanity, via the “Law of Sacrifice and Service to Humanity.” This would explain the role or purpose of the human entity according to the planetary and solar scheme. This Law was manifested by the Christ during His earthly mission, Who provided a “model” of the perfected human entity on this planet, gained by way of service to others in a loving, selfless and righteous manner; this is the destiny of the human race. The Christ anchored LOVE on earth, just as the Gautama Buddha anchored Wisdom on this planet.

Perhaps it should be explained that according to the AW, our solar system consists of seven dimensions or planes of spiritually conscious energy, and it is by our gradually transcending through these seven solar planes we gain spiritual perfection.

According to the Ancient Wisdom, each manifested form “lives” within the next higher form. For example, the mineral “lives” within the vegetable; the vegetable “lives” within the animal, and the animal is the physical form of Man. The spiritual aspects in the human entity are to eventually “live” within the Fifth Kingdom of Souls, (higher levels of solar consciousness) the “residence” of the Masters of the Wisdom.” And, this is achieved by our continual expansion of consciousness. The essence of each human entity is Divine, the “God Within” and we need to discover this for ourselves.

The riddle of the Sphinx is Man; depicted or symbolized by a lower animal body and the head of a human entity, where consciousness resides and where higher consciousness is realized.

Although the study of the Ancient Wisdom is of no particular interest to most of those in the West, occupied as they are with materialistic endeavors, it has been of vital significance in the Orient for thousands and thousands of years. The Ancient Wisdom can be found in such books as H.P. Blavatsky’s The Secret Doctrine, published in 1888, and can be attained from the theosophical society; ( or in the many other books under the heading of Occultism, Mysticism, Buddhism, etc. (See, for example,, under the Alice A Bailey books.), which were actually created by a Master of the Wisdom; Dhjwal Khul, the Tibetan.

One of the tenets of the Ancient Wisdom states that the individual human being, (and more recently, groups of human beings), gains spiritual ascendancy via a series of “consciousness expansions,” also known as “Initiations.” These are depicted in our Bible by the experiences of the Christ in His last days on earth. (See, Annie Besant’s, Aspects of the Christ, TS, Ibid, 1912, and her “Avataras,” Ibid, 1899.)

We gain spiritually via acts of selflessness, and through impersonal (without regard to Self) service to our fellow beings, by goodwill toward all, a practice of universal brotherhood, altruism and compassion for all lives, and by a lifelong search for the Truth of Life that comes from Self-discovery, via a prolonged and dedicated inward search of ourselves. (“Mankind know thyself”, or Gnothe Seauton, as advocated by the Oracle of the Delphi). Some dedicated souls gain Soul awareness by daily meditation, which reportedly brings about an awareness of the noumena, or the nous, which reveals the “causes” that exist behind the phenomenal world of “effects.” Effects are what most of us are usually aware of in our daily lives. Effects are visible and Causes are invisible. By the use of analogy, “Law of Correspondence,” can the invisible be made visible.


So, instead of approaching Creation and Evolution from an either-or-approach, it cost us nothing more than to get over our individual prejudices and to view these concepts from a united approach. It is held the world is a “Unity,” and all things come from the One.

A united approach can resolve the conflicts surrounding this perennial argument of science vs. religion, or evolution vs. creationism; simply combine the two!

Our little world has been created (actually evolved out of His own Essence) by the solar Logos, a highly advanced spiritual being, Who’s manifested “body” is our solar system, which is a part of the Universe. He also created a Cosmic Plan, which unfolds gradually (as humanity discovers it) via the medium of evolution, which humanity as a whole has yet to discover. This Cosmic Plan guides ALL that occurs in our solar system.

The End

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Finding the Joy in the JOurneY: Discover the Joy and Benefits of Trail Running

I’m no different from anybody else: over scheduled, over worked, and over caffeinated. There simply are not enough hours in the day to get through the ever-expanding to-do list, and I spend as much time adding to the list as I do crossing things off the list. The demands come from all directions: work, kids, spouse, family, caring for an aging parent, etc. It’s sometimes overwhelming and a struggle to keep a firm grip on my sanity. That’s why trail running is my “mother’s little helper” – to keep me sane, happy, and able to manage the daily onslaught of demands.

While I’ve run plenty of miles on the road, the trail is my passion. Pushing myself physically, while I enjoy the beauty of nature is liberating for the mind, body and soul. Maybe it’s the solitude or sounds of the wildlife & wind that allows the noise in my head to quiet – so that I can make sense of previously impossible problems. Maybe it’s the beauty of nature that gives perspective and allows me to find joy in simple things – and reminds me to appreciate those gifts as a welcomed break from routine. It’s my sacred time for quiet reflection and meditation.

It’s also a time to let my inner child out to play. Do you member how much fun you had as a child running around outside; splashing in the mud puddles, tramping through the new-fallen snow, getting soaked in a warm summer rain – or just running over the hill to see what you could find on the other side? A good trail run can take us back to those wonderful, carefree times in our lives.

Have you ever experienced firsthand amazing wildlife encounters; like a bird of prey diving from the sky to embody power and grace, a pair of glowing yellow eyes piercing illuminated by your headlamp which pierce the darkness and leave you feeling vulnerable, or have something bound, scamper, or slither across your path just to remind you that you are but a visitor here in their world?

Have you been able to appreciate the power of nature and have it help to ground you spiritually? Have you felt how small you (and your problems) really are as you gaze across from a mountain top, feeling powerless in the midst of a raging storm, or felt your heart swell at the majesty of colors from the days first or last light crossing the sky? It is moments like those for which I feel a deep spirituality and truly blessed for reasons most people may never consider.

The trail – just like life – is never smooth. A mountainous trail littered with rocks, mud and roots, can be seen as obstacles to test your will and mettle. But that’s choosing to view it through only one lens. I try to view the trail through the other lens for its power to make me feel fulfilled and thankful because the joy is in the journey.

I see trail running as an analogy for life and believe that it helps me be a better, more grounded person among the other important aspects of my life. I urge you to give trail running a try. You may find regular visits to the “dirt church” to be incredibly rewarding in many ways.

Happy trails, my friends!

— Linda

Linda Banks is a published author and the owner of Run Inspired Designs, Inc. — a line of Wearable Inspiration jewelry to motivate and inspire women. Ms. Banks seeks to empower women to develop the courage to pursue greatness without hesitation.

Sign up to receive her newsletter, purchase her book or Wearable Inspiration jewelry at

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The Gift of Financial Success

Give yourself the gift of financial success.

Suze Orman;

If you wait to see how much money you have left at the end of the month to put toward savings, the answer may be zero. So, set up an automated monthly transfer from your checking to savings account. Once you lock into that commitment, you’ll be forced to scale back spending to make ends meet.

Story: Warren Buffet: Warren Buffet showed an entrepreneurial spirit at an early age.

First Entrepreneurial Venture
By the age of 13, Buffett was running his own businesses as a paper boy and selling his own horseracing tip sheet. His entrepreneurial spirit was alive at a young age. He had given himself the gift of business success.

In 1942, Buffett’s father was elected to the U.S. House of Representatives, and his family moved to Fredericksburg, Virginia, to be closer to the congressman’s new post. Buffett attended Woodrow Wilson High School in Washington, D.C., where he continued plotting new ways to make money. He continued making money in creative ways. He and a friend purchased a used pinball machine for twenty-five dollars. After a few months they bought additional machines. Buffett owned machines in three different locations before he sold the business for twelve hundred dollars.

Higher Education and Early Career

Buffett enrolled at the University of Pennsylvania at the age of sixteen to study business. He stayed two years, moved to the University of Nebraska to finish up his degree, and emerged from college at age twenty with nearly ten thousand dollars from his childhood businesses.

Moral of the Story: Building financial success involves possessing the gifts of creativity, entrepreneurship, and insights into the workings of money and finance.

Action Plan: Put away ten percent of your income at the beginning of each month. If you wait until the end, you will not be inclined to keep your spending within reach. Ask yourself three questions:

  1. What am I willing to give up so I can save money?
  2. Into which account can I put that money?
  3. How can I emulate Warren Buffet and become a money magnet?

Practical Application to Your Life

Do you value yourself enough to save money? What is your view of finances? Do you acknowledge your self-worth when it comes to finances?

Weekly Take Away: The Bible has over two thousand verses on money. Money is not the root of all evil. The love of money is the root of all evil.

I’m Barbara Altman
Raised in an alcoholic home, I became depressed and riddled with anxiety at an early age. In an effort to build a good life. Over the years, I have dealt with depression in a variety of ways, from counseling to alternative and traditional healing modalities. One of the purposes in my life is to convey hope to those who have suffered from depression and I hope to do this in my writings and in speaking engagements.
Author of “Recovering From Depression, Anxiety, and Psychosis,” formerly called “Cry Depression,”…

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Rider on the Rain – The Storms of Change

Protesters have risen from the ashes of the 1960’s with a renewed vigor, enhanced by the availability of social media that lends the ability to gather groups quickly and easily. Like most things of yesteryear, the younger generation has found a better way to accomplish their goal. These groups appear to be angry, incited by an injustice close to their hearts and willing to make a loud statement. Why are there so many people protesting? Ask them and they quickly reply, ‘We’re angry… ,’ but why? What causes this kind of societal anger?

Anger is the mask of fear; when anger is present fear is lurking behind the shadows, hiding and watching. What are we afraid of; what drives multitudes of people to the streets to loudly proclaim their feelings? Change; change is the driving force behind most anger. The protesters are varied; some fear coming change while others are afraid because nothing has changed and they believe it never will. Many find themselves in an intolerable situation, convinced they are helpless to find a solution. And so, the fear and the anger rise to the surface. Those who stand on the sidelines and those who must contain the emotions of a crowd are caught in a storm, listening to thunder of protest, watching the approaching winds of change. Big storms are significant events; significant events herald significant change.

As the numbers grow the voices are heard loud and clear; they refuse to be stilled. This leaves us with no choice but to revisit the same issues that were before us in the 60’s. The chickens of yesterday have come home to roost, signaling that we stopped too soon. They are the same issues. Anger at the establishment, anger at law enforcement who has once again become ‘pigs,’ racial unrest, anger at never-ending wars, violence, inequality… the issues are the same. Storms bring rain; rain clears the air. Maybe this time, in a society that has the ability to reach out in ways never before available through technology, we can complete what we began 50 years ago. Oddly enough the planetary influences are nearly the same as the early 60’s now; offering proof positive that ‘He who ignores history is destined to repeat it.’

If we can recognize that these issues create real pain while producing a society that is weary of trudging through the same trenches we will reach a reasonable solution without violence. It begins by respecting ourselves and others around us. When we do we will no longer instinctively respond with violence to solve issues nor can we turn a blind eye to the pain of others. What we can do is arrive at an honest assessment of what lies behind these emotions and work towards a solution that everyone can embrace. Behind all of this fear lie tear drops that arose from despair and hopelessness.

Rain cleanses the air, tears cleanse the heart. We need to get to the heart of it.

To learn more about this author please visit To learn more about her available books, please visit or your favorite bookseller.

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