Question

Choose the correct alternative :

“A contract that pledges payment of an agreed upon amount to the person (or his/ her nominee) on the happening of an event covered against” is technically known as

Options

• Death coverage

• Saving for future

• Life insurance

• Provident fund

Answer 1

“A contract that pledges payment of an agreed upon amount to the person (or his/ her nominee) on the happening of an event covered against” is technically known as Life insurance.