Insurance WASSCE (SC), 2016

Question 6

(a) What is endowment policy?

 

(b) Differentiate between the following terms:

(i) Third party and comprehensive motor insurance;

(ii) Death benefit and maturity benefit;

(iii) Contracts of life and non-life insurance.

Observation

Majority of the candidates attempted this question and the overall performance was good as the highest marks were gained in the question.