๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      In which type of the following insurances does the

      premium amount remains the same all over the period, it doest change?
      A Level Premium Policy Correct Answer Incorrect Answer
      B Health insurance Correct Answer Incorrect Answer
      C Education insurance Correct Answer Incorrect Answer
      D Mortgage life insurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Level-premium insurance is a type of life insurance in which premiums stay the same price throughout the term, while the amount of coverage offered increases. These policies may be permanent or term life.

      Practice Next
      ask-question