Q527
Which of the following policies is most suitable for a home loan mortgage?
A.
MRI
AnswerB.
Whole Life Policy
C.
Term Insurance policy
D.
Property insurance under non-life category
Answer: Option A
Solution
Answer: Option A
Solution:
MRI policies is most suitable for a home loan mortgage. MRI is an insurance policy that provides financial protection for home loan borrowers and their families. Specifically, MRI helps settle outstanding home loan amounts in the event of death or total disablement of the borrowers.