Life insurance policy provides protection to individuals against the ______________ of life.
Certainty
Uncertainty
Validity
None of the above
Life insurance policy provides protection to individuals against the uncertainity of life.
State True or False. A life insurance policy was introduced as a protection for individuals against the uncertainty of life.
Q70) SBI Life Insurance launched Smart Humsafar, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy. Smart Humsafar Plan highlights:
1) A Joint life insurance cum savings plan wherein you can take insurance cover for yourself and your spouse under a single policy.
2) Provides financial protection in the event of death of either or both the lives assured
3) Pays a maturity amount on survival of one or both the lives assured at the end of the policy term
4) Benefits also include premium waiver in case of death of any one of the lives assured for in force policies
5) Tax benefits as per prevailing norms under the Income Tax Act, 1961
Which of the above statement(s) is/are correct?
Is loss measurable in a life insurance policy? Agree or disagree.