Life insurance policy in general is a mixture of

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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.

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Life insurance policy, in general, is a mixture of

Solution (By Examveda Team)

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