State which one of the following statements is correct

A. Life insurance is the best savings scheme for all persons

B. Life insurance is the best investment scheme for young persons

C. Both the statements above are correct

D. Both the statements above are wrong

Answer: Option D

Solution(By Examveda Team)

Both the statements are incorrect.
Life insurance is not only the best savings scheme for all persons. Life insurance is not only the best investment scheme for young persons. There are many other insurance also.