Question

Which among the following gives specific protection against unforeseen events?

a.

Insurance

b.

Transactional products like bank Fixed Deposits

c.

Shares

d.

Debentures

Posted under IC38 Life Insurance Agent Exam

Answer: (a).Insurance Explanation:Specific protection against unforeseen events is primarily provided by insurance. Insurance policies are designed to offer coverage and financial protection in case of sudden and unexpected events, such as accidents, health issues, or damage to property. While transactional products like bank Fixed Deposits, shares, and debentures serve various financial purposes, they do not offer the same level of protection against unforeseen events as insurance does.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which among the following gives specific protection against unforeseen events?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What are the elements of financial planning?

View solution

Q. What significant societal change has affected the practice of financial planning?

View solution

Q. What role does financial planning play in dealing with inflation?

View solution

Q. When should financial planning ideally begin?

View solution

Q. Why is starting financial planning early important?

View solution

Q. What is the impact of an unplanned, impulsive approach to financial planning?

View solution

Q. What is the primary objective of financial planning?

View solution

Q. What are the elements of financial planning?

View solution

Q. What are the elements of financial planning?How does financial planning address the challenges of changing lifestyles?

View solution

Q. What role does financial planning play in dealing with inflation?

View solution

Q. When should financial planning ideally begin?

View solution

Q. What is the importance of a disciplined approach to financial planning?

View solution

Q. When is the best time to start financial planning?

View solution

Q. Which of the following is not a component of financial planning?

View solution

Q. What is the primary purpose of cash planning in financial management?

View solution

Q. In insurance planning, what does estimating the income and expense requirements of dependents involve?

View solution

Q. What type of policy is typically considered in health insurance planning?

View solution

Q. Which area of financial planning deals with strategies to create and maintain a surplus of cash for capital investment?

View solution

Q. What is the role of returns in investment planning?

View solution

Q. What does risk tolerance represent in investment planning?

View solution
View All MCQs on IC38 Life Insurance Agent Exam

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Drug and Pharmaceutical Biotechnology

Navigate the world of pharmaceuticals and biotechnology with our dedicated category....

Optical Communication

Explore the world of high-speed data transmission with our Optical Communication...

Mechanics of Materials

Unlock the principles of Mechanics of Materials with our specialized category. Dive...

Concrete Technology

Welcome to Concrete Technology, a category that unravels the secrets behind the...

Professional Communication

Hone your communication skills with our Professional Communication category. Enhance...

UIDAI Aadhaar Supervisor Certification

Prepare for the UIDAI Aadhaar Supervisor Certification with our specialized category....

Basic Electrical Engineering

Master the fundamentals of Electrical Engineering with our specialized category....

Cognitive Radio

Step into the dynamic world of Cognitive Radio, where wireless communication meets...

Electrical Measurement and Instrumentation

Unlock the world of electrical measurements with our dedicated category. Explore...