Life insurances are mostly designed for long term, some of the policies can have refund but some are not, depends on which policy you purchase. For example term life insurance has no cash value, it is designed solely for life protection, upon the maturity the buyer receives no refund, and all th
Before we begin this guide you have to understand what IS an endowment policy , Mainly it is a mix of life insurance including investment growth saving plans , It is a premium based package that has a certain expiry period , This premium paid into the endowment is invested in the sto
If you cash it in you are crystallising your losses.
By leaving it where it is you are taking a risk that shares will fall further, but in a timescale of three years I think you will find that you will get a better return (based on the current value) by leaving it in shares than by putting it i