Endowment assurance does not possess which of the following property?

A. Savings benefit

B. Death benefit

C. Survival Benefit

D. Bonus benefit

Answer: Option C

Solution(By Examveda Team)

Endowment assurance does not possess Survival Benefit. An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.