1. The Bank's Policy
Enter the details of the endowment policy you were pitched.
₹1,00,000
20 Yrs
₹35,00,000
2. The Smart Alternative
Buy a cheap term plan and invest the rest.
₹15,000
12%
Policy Return (IRR)
5.1%
Barely beats inflation
Mutual Fund Return
12%
Wealth creation
The Real Cost of the Policy Trap
What you pay the bank (Total):₹20,00,000
What the bank gives you back:₹35,00,000
What the Mutual Fund gives you:₹68,59,393
The Wealth You Lose (Hidden Commissions)
-₹33.59 Lakhs
This is why bank managers push these policies. You are paying for their bonuses.
RBI Mis-selling Alert (July 2026): If your bank forced you to buy an endowment policy or ULIP in order to approve a loan or open an account, you can now file an official complaint under the updated RBI Integrated Ombudsman Scheme to claim a full refund.
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