Life insurance policy, in general, is a mixture of
A. Protection and security
B. Insurance and Assurance
C. Protection and Savings
D. Protection and Tax relief
Answer: Option C
Solution(By Examveda Team)
Life insurance policy, in general, is a mixture of Protection and Savings. Life insurance plans are good tax-saving instruments. All the premiums you pay under a term plan are exempt from income tax deductions as per section 80C.Related Questions on Insurance
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