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Commerce · Q406

Insurance

Graduate and Post Graduate · Commerce · question 406

Q406

Which of the below can be categorised under wealth accumulation products?

A.
Bank deposits
B.
Life insurance
C.
General insurance
D.
Shares
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Shares is a wealth accumulation product. To build a corpus for long-term goals like buying a house, building a retirement kitty or funding a child's education, investors must choose products that provide enhanced earning power. This can come in the form of diversified equity funds.