1.

Describe any six benefits and two drawbacks of investing money in any insurance scheme.

Answer»

Six benefits of investing in insurance scheme -:

a.  Safe and reliable

b.  Provide protection and security

c.  Income tax benefit

d.  Lump sum amount at maturity 

e.  Tax free 

f.  No limit of maximum amount

Drawbacks -:

a.  Long term policy

b.  Pre mature with drawl is not allowed\

c.  Loan cannot be taken



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