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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


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 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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