Multiple choice

In which of the following policies are survival benefits payable?

  1. Whole life

  2. Moneyback

  3. Endowment

  4. Unit linked
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a moneyback plan, the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.

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