Which of the following policies is suitable for a person who cannot temporarily afford to pay high premiums?

A. Convertible Endowment

B. Convertible Money Back

C. Convertible ULIP

D. Convertible Whole Life

Answer: Option D

Solution(By Examveda Team)

In Convertible Whole Life, one can avail insurance protection for a large amount at a lower cost as compared to premium of Endowment Assurance.