short term endowment plan : Endowment policies life insurance plans that provide both investment returns and protection coverage. Endowment insurance is available in participating and non participating forms. They are often marketed as savings plan to meet specific financial goals, like, kids education
investment linked plan : An Investment Linked Policy (ILP) is a hybrid financial product; it provides both life insurance, as well as wealth accumulation. Investment Linked Plans (ILPs) however, work differently from other insurance plans. Weigh the pros and cons of ILPs carefully before signing up for one