State the correct option?

A. In endowment policies for 20 years premium is payable for all years under all circumstances

B. There cannot be a single premium policy of 20 years

C. In a 20 year endowment policy there can be provision for payment of premium only for a few years

D. In life insurance terminology premium and price are different

Answer: Option C

Solution(By Examveda Team)

In a 20 year endowment policy there can be provision for payment of premium only for a few years.