?
Which of the below is an example of an endowment assurance plan?
Answer & Solution
Correct Answer:
Option
C
Money Back Plan is an example of an endowment assurance plan. In a money back plan, the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.
Join the Discussion
Login to post a comment or share your explanation.
Login