- Tax rebates
- Safe investment avenue
- Protection against the loss of economic value of an individual’s productive abilities
- Wealth accumulation
1 Answers
Call
Answer: Option 3
Protection against the loss of economic value of an individual’s productive abilities is the primary purpose of a life insurance product. The primary purpose for purchasing life insurance is to provide financial stability to beneficiaries in the event of the insured's death.
0
like
0 dislike
Talk Doctor Online in Bissoy App
What is the primary difference between primary and secondary cell batteries?
Answer: Option 2 Let'
1 Answers 1 views
What is the essential purpose of Life Insurance?
Answer: Option 3 The essential purpose of Life Insurance is protection for loss of economic value of human life in the event of death or disability. The purpose of life...
1 Answers 1 views
What is the primary purpose of report?
Answer: Option 2 To analyze problems and predict practical alternatives is the primary purpose of report. Reports communicate information which has been compiled as a result of research and analysis...
1 Answers 1 views
What was the primary purpose of constructing the Farakka Barrage?
Answer: Option 1 Preservation and maintenance of Kolkata port for navigation was the primary purpose of constructing the Farakka Barrage. Main objective of the Farakka Barrage Project complex is to...
1 Answers 1 views
Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
Answer: Option 3 Rakesh recently bought a health insurance policy and a personal accident policy. The insurance market fall in Non-life insurance in both cases.
1 Answers 1 views
Apart from the salary level, what another key feature of Alok’s job is likely to have a major impact on the level of his pension, life insurance, and health insurance needs?
Answer: Option 3 Apart from the salary level, Whether the job is in the public or private sector key feature of Alok’s job is likely to have a major impact...
1 Answers 1 views
There are six teachers. Out of them two are primary teachers and two are secondary teachers. They are to stand in a row, so as the primary teachers, middle teachers and secondary teachers are always in a set . The number of ways in which they can do so, is-?
Answer: Option 2 There are 2 primary teachers. They can stand in a row in P (2, 2) = 2! = 2 × 1 ways = 2 ways ∴ Two middle teachers. They can...
1 Answers 1 views
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : Quality of life of a person is not dependent only on his wealth. Assumptions : I. The aim of most people is just to acquire more wealth. II. There are some factors other than wealth which contribute to the quality of life. III. Wealth does not contribute to the quality of life at all.?
Answer: Option 3 Clearly, I does not follow from the statement. So, it is not implicit. The statement mentions that quality of life does not depend only on wealth. This...
1 Answers 1 views
Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be a ban on product advertising Arguments : I. No. It is an age of advertising. Unless your advertisement is better than your other competitors, the product will not be sold. II. Yes. The money spent on advertising is very huge and it inflates the cost of the product.?
Answer: Option 5 Clearly, it is the advertisement which makes the customer aware of the qualities of the product and leads him to buy it. So, argument I is valid....
1 Answers 1 views
Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The government has decided to make all the information related to primary education available to the general public. II. In the past, the general public did not have access to all these information related to primary education.?
Answer: Option 2 The government must have seen the unawareness of the people as a strong factor in the primary education programme being not successful. The step indicated in I...
1 Answers 2 views