Q749
Which of the following statement is correct in respect of Endowment policy?
A.
Shorter the policy term, lesser the investment element
B.
Shorter the policy term, larger the investment element
AnswerC.
Longer the policy term, larger the investment element
D.
Term and investment element do not bear any relationship
Answer: Option B
Solution
Answer: Option B
Solution:
Shorter the policy term, larger the investment element is correct in respect of Endowment policy.