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Business Services-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
What is endowment insurance ?
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Answer

  • Insurance company pays fixed amount of the policy to the policy holder on maturity or their successor of the policy holder dies before maturity of the policy. This is called endowment insurance.

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