............ policy matures on the assureds' death or on his attainment of particular age whichever is earlier

Name: ............ policy matures on the assureds' death or on his attainment of particular age whichever is earlier
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Question

Quizplus · Accepted Answer

An endowment policy is designed to pay a lump sum after a specific term (on its 'maturity') or on death. Whichever occurs first, the policyholder or their beneficiaries receive the payout, making it a combination of an investment and insurance.

Policy Matures on the Assureds' Death or on His