Question : Which of the following is not a type of life insurance policy?
Option 1: Endowment policy
Option 2: Term policy
Option 3: Annuity policy
Option 4: Credit policy
Answer (1)
21st Jan, 2024
Correct Answer: Credit policy
Solution : The correct answer is (d). Credit policy
The options listed in the question are types of life insurance policies except for "Credit policy." Credit policies are not a common type of life insurance policy. Life insurance policies typically include options such as endowment policies, term policies, and annuity policies. However, credit policies generally refer to insurance coverage specifically designed to cover outstanding debts or loans.
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