Insurance May/June 2015

Question 6

  • List and explain three types of endowment policy.

Observation

This was not popular among the candidates.  The few that attempted the question performed poorly.  Some of the responses expected from the candidates are stated below:

(i)        Pure endowment;
(ii)       Ordinary endowment;
(iii)       Family income endowment;
(iv)       Double endowment.