My First Investment June 2023

Which one of the following types of insurance policy is suitable for education planning?

• Term policy

• Endowment policy

• Whole Life policy

Which one of the following types of insurance policy is the cheapest?

• Whole Life policy

• Term policy

• Endowment policy

Which one of the policy has no cash value?

• Endowment policy

• Whole Life policy

• Term policy

Which one of the following policies provides a life time of coverage?

• Whole Life Policy

• Term Policy

• Endowment Policy

Which one of the following policies is the most expensive?

• Whole Life Policy

• Term Policy

• Endowment

Which one of the policies is a pure insurance?

• Term policy

• Endowment policy

• Whole Life policy

Which one of the following polices do not need a specific number of years as coverage?

• Endowment policy

• Whole Life policy

• Term policy

Which one of the following policies is also known as a hybrid policy.

• Endowment policy

• Whole Life policy

• Term policy

If I wish to have a policy that can cover me till death and can withdraw money from it if needed. I should choose a/an

• Term policy

• Endowment policy

• Whole Life policy

Which one of the following policies does not provides protection, savings or investment features?

• Endowment policy

• Whole Life policy

• Term policy