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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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