MoneyKraft

1. Which of the following is NOT a parameter to consider before purchasing an insurance policy?

The premium and the risk cover of the policy

The tax benefit of purchasing the policy

The conditions covered and cost of the policy

2. For a person with dependants what should be the first thing to insure?

His life

His professional equipment

His health

3. Which of the following describes a Unit Linked Insurance Plan?

It is a pure invesment product

It is a pure insurance product

It is a insurance product bundled with a investment component

4. The main principle of insurance is to _______

provide compensation

provide security

share the losses of a few people among many

Protect your income and assets with insurance

insurance

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Level - 6,3,8,6 BASIC

Insurance is an effective way to protect from events that can harm your ability to earn an income. The market has many insurance products with various premiums, coverage conditions and investment options. Watch this video to know the importance of insurance and why it is necessary to fully understand the product before buying it.

AUTHOR(s):Uma Shashikant

Protect your income and assets with insurance

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