The New Endowment Plan from Insurance Companies is a non-linked, participating, life insurance policy. This policy guarantees a death/maturity benefit with additional bonuses. The higher the period of maturity the higher is the maturity amount as the bonuses are higher. Further, the policyholder can also avail of a loan against the policy if he/she is in need of emergency funds. Policyholders can also increase the level of coverage offered by the Endowment Plan by opting for Accidental Death and Disability Benefit Rider. One is also entitled to claim tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. If you are looking for a plan which gives you guaranteed returns along with tax benefits then an Endowment  Plan is the most appropriate option. It is the right policy for people of any age group and saving capacity. An endowment plan will bring stability to your financial portfolio.