Question:
The type of Life Insurance Policy in which there is provision of regular income during old age is called:
The type of Life Insurance Policy in which there is provision of regular income during old age is called:
Updated On: Dec 16, 2024
- Endowment policy
- Money back policy
- Annuity policy
- Term policy
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The Correct Option is C
Solution and Explanation
An annuity policy provides regular payouts to the insured, typically after retirement or reaching a certain age. It is designed to offer financial stability during old age.
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