An insurance that could be effected with profit feauture is
A.
term insurance
B.
public liability insurance
C.
endowment assurance
D.
personal accident insurance
Correct answer is C
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.
