Question

What type of insurance product would be typically suitable for a student?

a.

Endowment Assurances

b.

Term Insurance Contracts

c.

Immediate Annuity Contracts

d.

Money Back Plans

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Money Back Plans Explanation:Students would typically opt for Money Back Plans to receive periodic payments on vesting to meet education expenses.

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Q. What type of insurance product would be typically suitable for a student?
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