Multiple choice

Which among the following is not a variant of term assurance?

  1. Mortgage redemption insurance

  2. Return of premiums

  3. Increasing term assurance

  4. Endowment assurance

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.