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Examveda

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.

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