Which of the below is an example of an endowment assurance plan?

Which of the below is an example of an endowment assurance plan? Correct Answer Money Back Plan

Money Back Plan is an example of an endowment assurance plan. In a money back plan, the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.
Bissoy MCQ

Related Questions

Which of the below statement is correct with regards to endowment assurance plan?
Endowment assurance does not possess which of the following property?
In which field is the Nobel prize not paid out of the endowment set up by Dr. Alfred Nobel?
The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following?
Which of the following statement is correct in respect of Endowment policy?
Which of the below statement is incorrect with regards to decreasing term assurance?
In which year New India Assurance Co Ltd nationalized?
In which year New India Assurance Co Ltd was found?
Which of the following type of insurance product are available in New India Assurance Co Ltd located?
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?