Question:
Write the significance of “Life Insurance Policies.”
Write the significance of “Life Insurance Policies.”
Updated On: June 02, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
Financial Security: Life insurance provides financial support to the family in case of the policyholder’s death.
Savings and Investment: Many policies also serve as a means of savings and long-term investment.
Was this answer helpful?
0
0
Top Questions on Insurance
- “Accidents are unexpected and destructive.” Do you agree with this statement? In this context, state two points of importance of Fire Insurance Policy to the business.
- State any four advantages of having life insurance.
- Explain ‘Proximity Clause.’
- _____ provides the insurance policies and sells them to the customers.
- What is meant by Cancellation of Insurance?
View More Questions
Questions Asked in CBSE X exam
निम्नलिखित विषय पर संकेत बिंदुओं के आधार पर लगभग 120 शब्दों में एक अनुच्छेद लिखिए |
डिजिटल इंडियासंकेत बिंदु -
डिजिटल इंडिया क्या है
डिजिटल होने के लाभ
सरकार द्वारा उठाए गए कदम- CBSE Class X - 2025
- पत्र लेखन
- Imagine you are a part of a 'Self Help Group' (SHG). Explain the working system of the Self Help Group (SHG) to the new member.
- CBSE Class X - 2025
- Money and Credit
- "Some animals rely on environmental cues for sex determination." Justify this statement giving an example.
- CBSE Class X - 2025
- Heredity and Evolution
- While burning a magnesium ribbon in air, list two safety measures which should be followed. Also state two observations of this activity.
- CBSE Class X - 2025
- Chemical Reactions
- Draw a ray diagram to show the refraction of a ray of light passing through an equilateral glass prism. Mark the angle through which the emergent ray bends from the direction of the incident ray and also name it.
View More Questions
