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.
A. Cash value is not guaranteed
B. Minimum death benefit is guaranteed in variable insurance plans
C. Where to keep the money invested is the decision of the policyholder
D. Flexible premium payments are allowed in such policies
A. An agent
B. A retailer
C. A broker
D. An intermediary