(a) What is endowment policy? (b) Differentiate between the following terms: (i) Third party and comprehensive motor insurance; (ii) • Death benefit and mat...

Question 1 Report

(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.