Q157
Which of the following policies is suitable for a person who cannot temporarily afford to pay high premiums?
A.
Convertible Endowment
B.
Convertible Money Back
C.
Convertible ULIP
D.
Convertible Whole Life
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In Convertible Whole Life, one can avail insurance protection for a large amount at a lower cost as compared to premium of Endowment Assurance.