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endowment insurance

   Also found in: Wikipedia, Hutchinson 0.02 sec.
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Noun1.endowment insurance - life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
life assurance, life insurance - insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"

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Lenovo has selected corporate pension service providers Ping An Endowment Insurance Company, China Merchants Bank and Harvest Fund Management Company Ltd.
Three prizes were awarded, to Enrico Biffis for his research work on new accounting standards in life insurance liabilities, to Yew Khuen Yoon for his study on modelling operational risk in financial institutions, and to Pavel Huerta Uribe for his research on endowment insurance for mutual fund investment.
This includes private pension insurance, endowment insurance, individual occupational insurance and early retirement insurance.
 
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