In a term insurance the benefits are fixed throughout the duration
In an MRI the insurance benefit on account of cover will decrease year after year
There is no material difference between a term insurance policy and an MRI as far as benefits are concerned
MRI is suitable for a loan sought from a bank as a mortgage cover
✅ The correct answer is C.
There is material difference between a term insurance policy and an MRI as far as benefits are concerned.
There is material difference between a term insurance policy and an MRI as far as benefits are concerned.