Multiple choice

Which of the following policies is suitable for a person who cannot temporarily afford to pay high premiums?

  1. Convertible Endowment

  2. Convertible Money Back

  3. Convertible ULIP

  4. Convertible Whole Life

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In Convertible Whole Life, one can avail insurance protection for a large amount at a lower cost as compared to premium of Endowment Assurance.