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Which among the following is not a variant of term assurance?

  1. Mortgage redemption insurance
  2. Return of premiums
  3. Increasing term assurance
  4. Endowment assurance
LohaHridoy
LohaHridoy
4 views
2025-01-04 04:42

1 Answers

AhmedNazir
AhmedNazir

Answer: Option 4

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

4 views Answered 2022-09-01 13:21

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