Which of the below option is correct with regards to a term insurance plan?

Which of the below option is correct with regards to a term insurance plan? Correct Answer Term insurance can be bought as a stand-alone policy as well as a rider with another policy

Term insurance can be bought as a stand-alone policy as well as a rider with another policy. Term insurance is a life insurance product offered by an insurance company which offers financial coverage to the policy holder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.
Bissoy MCQ

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