Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R: Assertion A: One of the most difficult products to sell is 'life insurance', such that it is often said that one who can sell life insurance can sell anything under the sun. Reason R: What is marketed in life insurance is an intangible assurance or promise whereby payment of money is assured only upon death or the happening of a future contingency dependent upon human life. In light of the above statements, choose the correct answer from the options given below:

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Economics · Marketing Management

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both A and R are true and R is the correct explanation of A

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Answer 1

Both A and R are true and R is the correct explanation of A

Answer 2

Both A and R are true but R is NOT the correct explanation of A

Answer 3

A is true but R is false

Answer 4

A is false but R is true

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