The main purpose of having Life insurance is:

The main purpose of having Life insurance is:

a. As an avenue for long-term investment
b. As a medium for getting income tax benefits from savings
c. As a governmental programme for reducing poverty
d. As an avenue for short-term investment
e. None of the above

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The Correct Answer for the Given Question is Option e. None of the above

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The term ‘Risk’ includes:

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