Economics · Insurance
In which type of insurance policy does the risk cover lapse and no insurance benefit payment is made to the policyholder if he/she survives till the end of the policy term?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Unit-Linked Insurance Plan
- 2Term Insurance Plan✓
- 3Endowment Plan
- 4Money Back Plan
Correct answer
Term Insurance Plan
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