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
Answer: Option D
Solution(By Examveda Team)
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.Related Questions on Insurance
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