endowment policy, The Definition from AddPower.info

This is an insurance policy which will pay out a single amount on a fixed date in the future or when the policyholder dies (whichever happens first).
http://www.pavisfm.co.uk/Jargon.htm

The insured pays premiums for a stipulated time. At the end of that time the face value of the policy is paid to the insured as indicated.
http://sdsd.essortment.com/lifeinsurance_rgbr.htm

An insurance policy entitling the holder to a specified sum on reaching a certain age.
http://regi.5paisa.com/bisc/jmee.html

An endowment policy is a life assurance contract designed to pay a lump sum after a specified term.
http://en.wikipedia.org/wiki/Endowment policy

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HOME | Definition of endowment policy (ENDOWMENT POLICY, Endowment policy)