GREAT SP endowment plan is a short-term single premium non-participating endowment plan that provides a guaranteed returns of 2.00% per annum at the end of 2 years. The plan is offered by Great Eastern. Similar to previous tranches, the benefits of the GREAT SP endowment plan are the guaranteed return of 2.00% upon maturity in 2 years, 100% capital guaranteed upon maturity and added protection against Death and Total and Permanent Disability with no medical assessment needed. What are Endowment Plans? If you are not familiar with Endowment plans, they are life insurance saving plans offered by insurance companies. The aim is to help policyholders save towards specific financial goals. Policy holders can contribute a regular amount for a designated period of time or pay a lump sum upfront at the start of the policy. Endowment plans usually provides financial protection against death and total and permanent disability until the end of the policy term....