In an endowment policy, benefits are paid at death or

  • A a lump sum is paid on maturity
  • B regular payments are made after maturity
  • C regular payments are made before maturity
  • D no payments is made until the death of the insured.
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The correct answer is A. a lump sum is paid on maturity

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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