The correct answer is: D. Money Back plan is a kind of endowment plan.
An endowment plan is a type of life insurance policy that provides a lump sum payment upon the death of the insured, as well as a return of premiums if the insured survives to the end of the policy term. Money back plans are a type of endowment plan that offer a guaranteed return of premiums, typically at the end of the policy term.
Credit life insurance is a type of life insurance that is designed to repay a loan in the event of the death of the borrower. Mortgage redemption plans are a type of life insurance that is designed to repay a mortgage in the event of the death of the borrower. Whole life insurance is a type of life insurance that provides lifelong coverage and builds cash value over time.
Here is a table that summarizes the key features of each type of plan:
| Plan type | Death benefit | Return of premiums | Cash value |
|—|—|—|—|
| Endowment plan | Yes | Yes | Yes |
| Money back plan | Yes | Yes | No |
| Credit life insurance | Yes | No | No |
| Mortgage redemption plan | Yes | No | No |
| Whole life insurance | Yes | Yes | Yes |
As you can see, only money back plans offer a guaranteed return of premiums.