Q256
Term insurance possesses which of the following properties?
A.
Savings benefit
B.
Death benefit
AnswerC.
Maturity benefit
D.
Bonus benefit
Answer: Option B
Solution
Answer: Option B
Solution:
Term insurance plan is pure risk cover which pays out the sum assured in case of death and does not have any maturity benefits. You do not get any maturity benefits in a pure term plan because it is a pure protection insurance plan.