What is the primary purpose of life insurance?

"To provide a guaranteed return on investment" "To offer tax benefits under section 80C" "To provide financial security to the insured's family in case of death" "To encourage a habit of saving money

What is the minimum age requirement for investing in a life insurance policy?

"16 years" "18 years" "21 years" "25 years"

What is the main difference between fixed deposits and life insurance?

"Fixed deposits offer higher returns than life insurance" "Life insurance provides financial security, while fixed deposits are primarily for savings" "Fixed deposits are subject to TDS, while life insurance is not" "Life insurance has a shorter tenure than fixed deposits

What is the lock-in period for withdrawals in a life insurance policy?

"1 year" "2 years" "3 years" "5 years"

Which of the following is a tax benefit associated with life insurance premiums?

"Tax exemption under section 10D" "Tax deduction under section 80C" "Tax deduction under section 80D" "Tax exemption under section 10C"