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What are the main features of a endowment policy in life assurance?

      

Outline the main features of a endowment policy in life assurance.

  

Answers


John
1. Compensation is after a certain duration of time

2. Premiums are paid for certain duration of time

3. The assured decides on maturity of the policy

4. It is a saving plan

5. May be used as a security for loan

6. It has a higher surrender value
johnmulu answered the question on January 21, 2017 at 07:50


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