endowment insurance

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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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The company is soon to roll out a credit life product (mortgage endowment insurance) "with fantastic pricing" and is entering commercial credit risk Takaful for businesses.
According to the unclaimed financial asset Act such assets include bank savings and deposits, cheques and drafts, money orders and funds held or owing under any life or endowment insurance policy or annuity contract.
* The growth of the segment was offset by a decline in the endowment insurance category - particularly traditional life insurance products.
Ulips, due to high charges, and endowment insurance plans, because of low returns and long maturity periods, are not considered the best options for saving tax.
In Section 2 we give the basic setup and determine explicit formulas for the fair premium required by the insurance firm to hedge the exposure to the evolution of the risky asset for an endowment insurance contract under quite general conditions.
Ask any financial planner and he will tell you how you have erred by buying an endowment insurance plan instead of a term plan, a pure insurance product.
Endowment insurance: Endowment insurance combines protection with a systematic accumulation of capital.
has decided to postpone the sale of its new educational endowment insurance because the Financial Services Agency is unlikely to give it the go-ahead anytime soon, sources close to the matter said Tuesday.
* As of fiscal 2010, sickness/hospitalization insurance garnered the most market share (26.4 percent) in the life and health space, followed by whole life insurance (23.8 percent), endowment insurance (13.8 percent), cancer insurance (10.6 percent) and term insurance (9.3 percent).
China Life Insurance Company (NYSE: LFC) (HKG: 2628) has said that it has launched its China Life Fu Lu Xin Zun Endowment Insurance, and China Life An Xin Wu You packaged product.
I simply cannot believe that there is ever any clear-cut line by which one can say endowment insurance or whole life insurance or term insurance is the best solution to the majority of situations.