An arrangement in insurance which provides for the payment of a stipulated sum either at…

An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
  • A.
    accident
  • B.
    endowment
  • C.
    fire
  • D.
    fidelity
  • E.
    whole life
Correct Answer: Option B
Explanation
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