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Commerce · Q620

Insurance

Graduate and Post Graduate · Commerce · question 620

Q620

Which of the following is a contingency product

A.
Shares
B.
Bonds
C.
Life insurance
Answer
D.
Bank Deposits

Answer: Option C

Solution

Answer: Option C
Solution:
Life insurance is a contingency product. Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.