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Endowment policy in insurance business is an aspect of

Endowment policy in insurance business is an aspect of

A.

accident insurance policy

B.

fidelity guarantee insurance policy

C.

motor vehicle insurance policy

D.

life assurance policy

View answer & explanation

Correct answer is D

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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