Which type of Insurance has the elements of protection and investment both?
a) Life insurance
b) Fire insurance
c) Marine insurance
d) All of them
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13
Answer:
Life insurance.
Life insurance is a financial tool to support the family of an insured' person after his death. In a nutshell, it acts as a shield at a time when you require utmost protection and security. This is the reason insurance is poles apart from banking, investment or any kind of saving.
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3
Answer:
(a) Life insurance..............
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