No products in the cart.

How does life insurance provide both …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

How does life insurance provide both protection and investment benifit ?

Posted by Shriram Bs 4 years, 2 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 2 months ago

The life insurance provides dual benefits, it provides security to the beneficiary of the insured and also acts as an instrument of long term savings. Such policies are known as money back or endowment policies.

In return of regular payment of premium amount, the insurance company, protects the insured, for a specified period of time. That is, incase of death of insured, the insurance company will pay a lump sum amount (already agreed at the time of contract) to the nominee/ beneficiary of the insured.

0Thank You

ANSWER

Related Questions

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Nikunj Mittal 4 months, 2 weeks ago

CBSE > Class 11 > Business Studies

0 answers

describe all the types of banks, commercial bank, cooperative bank, specialised bank, central bank....

Posted by Harshita Modi 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Shubhash dey class 11 bst ch3 cbq

Posted by Anishka Bephlawat 3 months, 4 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Create a blue print of 12-15 pages on case study on a product topic- fishes from coastal areas

Posted by Pranav Damariya 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Sanya Miglani 4 months, 2 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Why are global enterprises considered superior to other business organisation

Posted by Amandeep Kaur 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Shally Sinha 4 months, 2 weeks ago

CBSE > Class 11 > Business Studies