NISM 10B Investment Adviser Level 2 Notes
Page 7 Of 180
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Insurance as Investment: Some policies combine protection with investment components.
Term Insurance: Pure protection policy with no survival benefit.
Whole Life Insurance: Covers the insured for their entire life.
Endowment Policy: Combines protection with savings, paying on death or maturity.
Money-Back Policy: Pays periodic survival benefits during the policy term.
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