What does Semiendowment Insurance mean? Read on to discover the definition & meaning of the term Semiendowment Insurance - to help you better understand the language used in insurance policies.
Semiendowment insurance is a variant of endowment insurance. Endowment insurance promises to pay a certain amount when the policyholder dies or when they survive the terms of the policy. Unlike endowment insurance, semiendowment pays only half of the amount in case of death or when the policy matures.
We hope the you have a better understanding of the meaning of Semiendowment Insurance.