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This question belongs to Commerce Insurance

Insurance

?

Endowment assurance does not possess which of the following property?

A) Savings benefit B) Death benefit C) Survival Benefit D) Bonus benefit

Answer & Solution

Correct Answer: Option C

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.

Question posted by Examveda

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