English version

endowment policy in Insurance topic

From Longman Dictionary of Contemporary Englishendowment policyenˈdowment ˌpolicy noun [countable] British English  technicalBFI an insurance arrangement that pays you a sum of money after an agreed period of time
Examples from the Corpus
endowment policyPopular options are repayment linked to either an endowment policy or a pension plan.This may, for instance, be in the form of an endowment policy or a mortgage payment protection plan.The other method is to take out an endowment policy in both names.So this week we highlight the key elements of a typical mortgage endowment policy statement.By comparison, an Equitable Life 10-year endowment policy, with monthly premiums of £30, would have produced about £8,399.