In an endowment policy, benefits are paid at death or
-
A.
a lump sum is paid on maturity -
B.
regular payments are made after maturity -
C.
regular payments are made before maturity -
D.
no payments is made until the death of the insured.
Correct Answer: Option A
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.