An endowment insurance policy offers the benefit of a lump sum payment in the event of the insured's death during the policy term or upon survival until the end of the term. This type of insurance provides financial security and peace of mind for both the policyholder and their loved ones. It is important to carefully consider the terms and conditions of an endowment insurance policy to ensure it meets your specific needs and circumstances. Additionally, regularly reviewing and updating your policy can help ensure your financial goals are met.