Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
3.0k views
in Home Science by (53.1k points)

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

1 Answer

+1 vote
by (53.3k points)
selected by
 
Best 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

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...