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Which among the following is a policy that offers both the options of investment as well as insurance?

Which among the following is a policy that offers both the options of investment as well as insurance? Correct Answer Unit Linked Insurance Plan

  • Unit Linked Insurance Plan is such that it gives the investors the option to invest in various instruments such as bonds, stocks etc. along with insurance cover.
  • Health Insurance is issued in order to cover the expenses towards medical treatment of a patient.
  • Term Insurance is the purest form of insurance in which there is only insurance cover.
  • Motor Insurance is issued in order to honour claims arising out of accidents injuring third party or own damage of the vehicle.

Related Questions

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2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover.
3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.
Select the correct answer