"Pure endowment" Definition
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 Glossary   >   P   >   "Pure endowment" Definition   

        Pure endowment

A life assurance policy where the sum assured is paid if the life assured survives the term but in the event of prior death nothing is payable.

Pure endowment


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Pure endowment - A life assurance policy where the sum assured is paid if the life assured survives the term but in the event of prior death nothing is payable.


Pure endowment : a life assurance policy where the sum assured is paid if the life assured survives the term but in the event of prior death nothing is payable.