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Options
- A
It is a safety feature; pays premiums plus interest
- B
It is an investment feature; pays sum assured plus bonuses at maturity
-
It is a safety feature; pays sum assured plus bonuses at maturity
Correct answer
- D
It is an investment feature; pays premiums plus interest
Why this is the answer
Endowment plans combine insurance coverage with savings, paying the sum assured plus bonuses at maturity.
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