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This question belongs to Commerce Insurance

Insurance

?

State the incorrect statement of the following ones.

A) In a term insurance the benefits are fixed throughout the duration B) In an MRI the insurance benefit on account of cover will decrease year after year C) There is no material difference between a term insurance policy and an MRI as far as benefits are concerned D) MRI is suitable for a loan sought from a bank as a mortgage cover

Answer & Solution

Correct Answer: Option C

There is material difference between a term insurance policy and an MRI as far as benefits are concerned.

Question posted by Examveda

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