Which among the following can be categorised under contingency products?
A. Bank deposits
B. Life insurance
C. Shares
D. Bonds
Answer: Option B
Solution(By Examveda Team)
Life insurance can be categorised under contingency products. If there is no contingency, no payment is made. In life insurance contract, payment is certain because the death or the expiry of term will certainly occur.Related Questions on Insurance
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