Which one of the following is concerned with Endowment Policy?
1
The issuer has advantage of receiving money at regular intervals of the policy with a specific sum of money at the expiry of the policy
2
At the expiry of the policy. the insured receives the sum of insurance policy
3
It covers the insured for the whole life. His nominee receives the assured sum with bonus after the death of insured
4
The premium cost is high. If the insurer dies, the nominee receives the insurance amount