The correct answer is A. Whole Life.
A whole life insurance policy is a type of permanent life insurance that provides coverage for the entire life of the insured. The policy pays out a death benefit if the insured dies during the policy term, and the policy also builds cash value over time. The cash value can be used for a variety of purposes, such as retirement savings, college savings, or debt repayment.
An endowment insurance policy is a type of permanent life insurance that provides coverage for a specific period of time, such as 20 or 30 years. The policy pays out a death benefit if the insured dies during the policy term, and the policy also pays out a lump sum of money at the end of the policy term if the insured survives.
A money back insurance policy is a type of whole life insurance that pays out a series of payments, or “dividends,” to the policyholder over the life of the policy. The dividends can be used to supplement income, pay for retirement, or other purposes.
A unit linked insurance policy is a type of life insurance that combines life insurance with investment features. The policyholder invests in a portfolio of stocks, bonds, and other assets, and the value of the policy depends on the performance of the underlying investments.
In conclusion, the only type of life insurance policy that pays the full sum assured to the beneficiaries if the insured dies during the policy term or to the policyholder on the maturity of the policy if he/she survives the term is A. Whole Life.