English Dictionary

Studying English?

Watch tv shows, play games, become fluent in English with Yabla ... Try Free For 15 Days Learn More
Watch example usage of "endowment policy"
Print (save as pdf)
endowment policy
WIKTIONARY
endowment policy
Noun
  • a life assurance savings scheme designed to pay out a lump sum when the policy matures
ENGLISH WIKIPEDIA - THE FREE ENCYCLOPEDIA
Endowment policy
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.
See more at Wikipedia.org...
Pronunciations In Different Accents
Click on the "audio icon" to see a list of top pronunciations in different countries/accents.