Which of the following statement is correct in respect of Endowment policy?

A Shorter the policy term, lesser the investment element
B Shorter the policy term, larger the investment element
C Longer the policy term, larger the investment element
D Term and investment element do not bear any relationship

Correct Answer: Shorter the policy term, larger the investment element

Shorter the policy term, larger the investment element is correct in respect of Endowment policy.
Bissoy MCQ
#Commerce #Insurance

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