Question

Find the odd one
Endowment policy, whole life policy, money back Policy, blanket policy.​

Answer 1

Blanket policy

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Answer 2

Answer:

Blanket Policy is the odd one

Explanation:

• Endowment Policy - It is a life insurance policy, apart from life insurance, it even helps the policyholder save regularly over a period of time so the insurer can get a lump sum amount on the maturity.

 

• Whole life policy - It is a life insurance policy. Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for level.

• Money back policy - It is a life insurance policy, that allows the insured to get regular returns or a lump sum at a point period during the policy period. The returns under the money-back policy are guaranteed.

• Blanket policy - It is property insurance that covers more than one type of property. It allows the policyholder to extend the coverage of various locations.  

Hence, blanket policy is the odd one out among endowment policy, whole life policy, money back policy and blanket policy.