GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A policy purchased by, for the benefit of, a business insuring the life or lives of personnel integral to the business operations is called ____
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Hospital Insurance
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Multi-Peril Insurance
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Key-Person Insurance
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Renewable Term Insurance
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Explanation:
Detailed explanation-1: -Keyman Insurance, also known as Key person insurance policy, is a type of life insurance policy that provides financial protection to a company in the event of the death or disability of a key employee. The policy is taken out by the company and the key employee is the insured person.
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