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Question Practice

Why are insurance policies considered both savings and investment tools?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Home Science
Human Ecology and Family Sciences - II
Financial Management and Planning
Question Bank

Why are insurance policies con...

Single Answer MCQ
Q-00108345

Why are insurance policies considered both savings and investment tools?

1

They guarantee a fixed return at maturity.

2

They provide life coverage and potential returns.

3

They are only beneficial in emergencies.

4

They only serve as a form of savings.

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