Question

unlike term insurance, ___ ensures the return of capital to policyholder on maturity and along with death benefits​

Answer 1

Answer:

Life insurance

Answer 2

Answer:

Life Insurance

Explanation:

Difference between term insurance and life insurance:

  Life Insurance

• Tenure: it ranges from 5 to 30 years            

• Coverage:  Both premature death and survival till the policy term is covered

• Premium: they are higher than term insurance

• Flexibility: Flexible

• Maturity value: Payable under most of the policies

• Surrender value: it is payable, under certain terms and conditions

Term Insurance

• Tenure:  It ranges from 10 to 35 yrs

• Coverage: Only premature death is covered

• Premium: Low premium rates

• Flexibility: Not that flexible.

• Maturity value: Not payable

• Surrender value: No surrender value

#SPJ2