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      Question

      What is an extension of endowment

      plans?
      A Health insurance policy Correct Answer Incorrect Answer
      B Money back policy Correct Answer Incorrect Answer
      C Term insurance policy Correct Answer Incorrect Answer
      D General insurance policy Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Money back plan simply means that money comes back to the life insured after a specific interval of time as survival benefit. The money back is guaranteed on the survival of the policyholder.

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