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    Question

    What do you mean by money back policy in insurance?

    A Financial instrument that offers periodic payouts at specified intervals along with a payout in the event of the death of the policyholder Correct Answer Incorrect Answer
    B It is defined by insurance companies as an event that occurs solely as a result of an accident. Correct Answer Incorrect Answer
    C It offers coverage in the form of sum assured against the losses incurred other than the death of the policyholder Correct Answer Incorrect Answer
    D It provides financial protection against any loss of personal property. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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