What is Golden Endowment plan?

Golden Endowment Plan is a unique savings and protection scheme
which offers insurance coverage of twenty (20) years while only
paying premiums for the first seven (7) years. The benefits and
bonuses payable under this plan will be based on the coverage years
of 20 years and the policy will continue to participate in State Life’s
surplus even after the premium payment term of 7 years. The
bonuses announced for a 20-year endowment plan will be applicable
for the Golden Endowment plan.