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Question: From the following, which is the importance of life Insurance?

Options:

  1.  Encourage investments
  2.  Credit work ness
  3.  Tax benefit
  4.  All of these

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1 Answer

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Best answer

4. All of these

Encourage investments, credit work & Tax benefit are importance of life Insurance.


More information:

Life Insurance is a financial coverage linked with human life, like death, disability, accident, retirement etc.

The policy pays out a lump sum amount (death benefits) in the event of unfortunate death of policyholder. It can help the person's family.

Encourage investments, credit work & tax benefit are also importance of life Insurance.

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