Question:
Endowment policy is:
Endowment policy is:
Updated On: Dec 16, 2024
- Life Insurance Policy
- Marine Insurance Policy
- Fire Insurance Policy
- Health Insurance Policy
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The Correct Option is A
Solution and Explanation
An endowment policy is a type of life insurance policy that provides a lump sum amount to the insured at the end of the policy term or to the beneficiaries in case of the policy holder’s death.
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