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Question
Find the odd one.
Options
Endowment policy
Whole life policy
Money back policy
Blanket policy
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Solution
Blanket policy
Explanation:
- Endowment policy, Whole life policy and Money back policy are all life insurance policies.
- Blanket policy is a general insurance product, not related to life insurance.
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Answer in one sentence.
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Mr. Amit is a businessman. He has his own factories in Pune and Nashik. He lives in Pune with his wife and 2 daughters aged 5 and 8 years.
- Can Mr. Amit take a life insurance policy for his wife and 2 children?
- Can Mr. Amit take a marine insurance policy for his factories?
- Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?
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Marine Insurance
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Distinguish between.
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