Q211
Which among the following is not a variant of term assurance?
A.
Mortgage redemption insurance
B.
Return of premiums
C.
Increasing term assurance
D.
Endowment assurance
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.