Question:medium

Endowment policy is:

Updated On: Jan 13, 2026
  • Life Insurance Policy
  • Marine Insurance Policy
  • Fire Insurance Policy
  • Health Insurance Policy
Show Solution

The Correct Option is A

Solution and Explanation

A life insurance endowment policy pays a single sum to the policyholder upon the term's expiration or to designated beneficiaries if the policyholder dies before then.
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