Social Sciences, asked by afrinhelen9703wor, 3 months ago

“Ordinary endowment policy is a combination of term insurance and pure endowment policy” Do you agree or not. Explain.

Answers

Answered by aiman52

Explanation:

If you buy a term plan, the beneficiaries will receive the guaranteed death benefit only in case of your untimely demise; but in case of an endowment plan, you will receive the entire corpus that you have built over time, once the policy tenure is over

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