Question
___________ is a type of life insurance policy
designed to pay a lump sum on maturity or on death.Solution
An endowment policy is a type of life insurance policy designed to pay a lump sum on maturity or on death. An endowment policy can be used to build a risk-free savings corpus, while providing financial protection for family in case of an unfortunate event. This simplicity of an endowment plan has over the years made it an attractive savings plan for all.
In India, insurance has a deep-rooted history. It finds mention in the writings of?
The primary purpose of a motor insurance policy is to:
The process of amending a policy during its term is known as:
What is the difference between a "condition" and a "warranty" in an insurance policy?
when a company has declared that there will be a dividend in the future but has not yet paid it out, it is known as?
A motor insurance policy can be cancelled by:
When we look at claims’ trends, we look at a number of factors. Some of these are listed below. Which factor is not to be considered from this list?
Which term referring to property coverage for the perils of burglary, theft and robbery?
The Motor Vehicles Act, 1988 requires what document as proof of insurance?
The first motor vehicle insurance policy was issued in the UK in:
