Stuck with too many endowment plans? Expert explains the right approach
Last Update Date: 05-10-2026
Published by Upstox
Abhishek Kumar's role: Quoted
Abhishek Kumar said each endowment policy should be assessed on its own rather than surrendered together, weighing its return, time to maturity, surrender value and tax conditions, with the aim of stopping future premiums and moving savings to term cover and other investments.
More of Abhishek's views on money management
The article looks at what to do when a family holds several long-term endowment plans, often bought without a clear view of their returns. It explains how endowment policies combine life cover with savings, and sets out how to decide between continuing, surrendering or making each policy paid-up.
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Stuck with too many endowment plans? Expert explains the right approach