Q348
Which one of the following statements is correct?
A.
Every plan of insurance is a combination of two basic plans
AnswerB.
The name given to a plan indicates the benefits available under the plan
C.
Both the statements above are correct
D.
Both the statement s above are wrong
Answer: Option A
Solution
Answer: Option A
Solution:
Every plan of insurance is a combination of two basic plan. Insurance cos are offering variants of term plans and have crafted innovations that suit various customers and situations.