What is endowment Insurance ?
Answers
Answered by
6
Answer:
An endowment policy is a Life Insurance policy that pays out a lumpsum on maturity or on the passing away of the life assured. It has a Life Insurance cover and a savings component.
Answered by
0
Answer:
in this type of insurance the term of the policy is fixed. on completion of this term,policy amount is paid to insured before the term insured.
Similar questions