Economics · Economy
An insurance product that combines life cover with a savings component that accumulates over time is commonly called a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Term Insurance Plan
- 2Endowment or Money-Back Plan✓
- 3Unit Linked Insurance Plan (ULIP)
- 4General Insurance Plan
Correct answer
Endowment or Money-Back Plan
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