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Endowment Insurance শব্দের বাংলা অর্থ: সম্পত্তি বীমা
Endowment Insurance Meaning In Bengali সম্পত্তি বীমা
Endowment Insurance
মেয়াদি জীবন বিমা,
Definition
1) Endowment insurance is a type of life insurance policy that pays out a lump sum of money either upon the insured person's death or at a specified date in the future, known as the policy's maturity date.
2) Endowment insurance combines elements of both life insurance and savings or investment, as it offers a death benefit and also a guaranteed payout at the end of a specified term.
3) Endowment insurance is often used as a way to save for a specific financial goal, such as funding a child's education or supplementing retirement income, while also providing financial protection in the event of the insured person's death.
Examples
Endowment Insurance Example in a sentence
1) He purchased an endowment insurance policy to secure his family's financial future.
2) Endowment insurance provides a lump sum payout at the end of the policy term.
3) She decided to invest in an endowment insurance plan for her children's education.
4) Endowment insurance is a type of life insurance that combines protection and savings.
5) His endowment insurance policy included critical illness coverage.
6) Endowment insurance policies are often used as a way to save for retirement.
7) The couple purchased endowment insurance to ensure their mortgage would be paid off in the event of their death.
8) Endowment insurance can offer peace of mind by guaranteeing a future payout.
9) Some endowment insurance plans offer the option to cash out early if needed.
10) Endowment insurance is a popular choice for those looking to create a long-term savings strategy.
Part of Speech
Endowment Insurance (Noun)
Synonyms
Endowment Insurance - (SYNONYM) মেয়াদি জীবন বিমা
Encyclopedia
Endowment insurance is a type of life insurance policy that pays out a lump sum of money either upon the insured person's death or at a specified date in the future, known as the policy's maturity date.
Endowment insurance combines elements of both life insurance and savings or investment, as it offers a death benefit and also a guaranteed payout at the end of a specified term.
Endowment insurance is often used as a way to save for a specific financial goal, such as funding a child's education or supplementing retirement income, while also providing financial protection in the event of the insured person's death.
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