Endow. Assu. for Marriage & Education
EDUCATION ENDOWMENT OR MARRIAGE ENDOWMENT ASSSURANCE:
An endowment assurance for Education or Marriages of a child of the insured or a dependent relation can be affected for a specified period, which may vary form 5 years to 17 years. In the event of death of the insured before maturity, the insured amount together with bonus an accrued thereon is deposited in a Saving Bank A/C to be opened in the name of the beneficiary. This amount is paid to the beneficiary subsequently on fixed date.