Q640
State the incorrect statement of the following ones.
A.
In a term insurance the benefits are fixed throughout the duration
B.
In an MRI the insurance benefit on account of cover will decrease year after year
C.
There is no material difference between a term insurance policy and an MRI as far as benefits are concerned
AnswerD.
MRI is suitable for a loan sought from a bank as a mortgage cover
Answer: Option C
Solution
Answer: Option C
Solution:
There is material difference between a term insurance policy and an MRI as far as benefits are concerned.