endowment assurance


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endowment assurance

or

endowment insurance

n
(Insurance) a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date
Translations

endowment assurance

endowment insurance nassicurazione f mista
References in periodicals archive ?
The Participating Endowment Assurance Plan is a cost-effective endowment plan suitable for any person.
The subjects of the ads were the company's Bonus Cash Builder Plus Plan - a withprofit endowment assurance policy - and Guaranteed Over 50, a non-profit, whole-of-life policy that provided a fixed, guaranteed sum on the death of the policyholder.
In the case of a policy holder's death before the maturity age, the accumulated sums would under the endowment assurance policy and the balance of the deposit administration account would be paid to the beneficiaries.
The minister Pakistan Post said that Postal Life Insurance Offers 10 profitable options whole life policy, Joint life endowment policy, Education and marriage endowment assurance, Accidental death and permanent disability benefit contract, Annuity policies, Endowment policy, Anticipated endowment (three payment) plan, Child protection policy, Non medical policy and Group insurance.
As an example, Tunbridge Wells Equitable offers the University Bond which comprises a series of with-profits endowment assurance policies, typically either three or four, which will mature in consecutive years - one for each year for which funds are required.