GENERAL KNOWLEDGE

GK

INSURANCE AWARENESS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which one of the following does not belong to the main products of life insurance?

A	Term
B	Whole life
C	Endowment
D	Personal accident insurance

Explanation:

Detailed explanation-1: -Note : Whole life, Endowment, Term, Investment-linked, Life annuity plan, Medical and health are the main products of life insurance. Motor insurance, Fire/House owners/Householders insurance, Personal accident insurance, Medical and health insurance, Travel insurance are the main products of general insurance.

Detailed explanation-2: -Personal Accident means an unfortunate, unexpected and unintentional incident. “ Total and permanent loss” means the total and permanent loss of use.2.

Detailed explanation-3: -Health insurance helps take care of costs that arise from unexpected health issues, whereas accident insurance helps cover expenses for accident-based injury treatments only. Health insurance does not cover expenses for accident-based disabilities but the accident insurance does.

There is 1 question to complete.