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