Examveda
Examveda

A policy with cover for an indefinite term is called

A. Whole life

B. Endowment

C. Money back

D. Term insurance

Answer: Option A

Solution(By Examveda Team)

Whole life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid throughout.

This Question Belongs to Commerce >> Insurance

Join The Discussion

Related Questions on Insurance