Under the endowment policy, the money handed over to the insured at the expiration of...
COMMERCE
JAMB 2002
Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?
- A. indemnity
- B. surrender value
- C. lump sum benefit
- D. insurance premium
Correct Answer: C. lump sum benefit
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