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An insurance provides support after the death of the policy holder is called____
- a)Life insurance
- b)Health insurance
- c)Money back policy
- d)Wealth insurance
- e)
Correct answer is option 'A'. Can you explain this answer?
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An insurance provides support after the death of the policy holder is ...
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An insurance provides support after the death of the policy holder is ...
Correct answer is option ( a ) because a life insurance policy is a contract with insurance policy in exchange for premium payment the insurance company provides lump - sum payment also known as death to beneficiarys after the death of insured's death. now let us see in all the cases like
b. health insurance that is type of medical insurance that covers medical expenses during the illness of person there is lot difference between death/ life insurance and health insurance.
c. In a money back plan , the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.
d wealth insurance ensures that you receive a lump sum amount of money at the maturity of the Policy. In the unfortunate event of death during the term of the policy, your family receives lump sum amount, called the Sum Assured.
and last option I already explained.
b. health insurance that is type of medical insurance that covers medical expenses during the illness of person there is lot difference between death/ life insurance and health insurance.
c. In a money back plan , the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.
d wealth insurance ensures that you receive a lump sum amount of money at the maturity of the Policy. In the unfortunate event of death during the term of the policy, your family receives lump sum amount, called the Sum Assured.
and last option I already explained.
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An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer?
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An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer?.
An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An insurance provides support after the death of the policy holder is called____a)Life insuranceb)Health insurancec)Money back policyd)Wealth insurancee)Correct answer is option 'A'. Can you explain this answer?.
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