Endowment policy in insurance business is an aspect of

  • A accident insurance policy
  • B fidelity guarantee insurance policy
  • C motor vehicle insurance policy
  • D life assurance policy
jamb 2014commerce

The correct answer is D. life assurance policy

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

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