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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