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GIC Clerk MCQs
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Which of the following is true about "term insurance"?
Which of the following is true about "term insurance"?
A. It offers coverage for a fixed term, with no maturity benefits
B. It provides benefits only on death
C. It accumulates a cash value over time
D. It covers health and life risks
Explanation:
Term insurance is a type of life insurance that provides coverage for a specified period without any maturity benefits or cash value accumulation.
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