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Life Insurance Vs Other Financial Instruments
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13 questions
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- Multiple ChoicePlease save your changes before editing any questions.
what is the important feature of Insurance while comparing with other Products.
Partial Withdrawal
Fund Value
Cash
Protection of Financial goals
- Multiple ChoicePlease save your changes before editing any questions.
In which Tax section Insurance benefitted
80A and 10(10P)
80C and 10(10D)
88 and 80C
80C and 80 A
- Multiple ChoicePlease save your changes before editing any questions.
Discipline Saving is applicable in which instrument
Bond
FD
RD
Insurance
- Multiple ChoicePlease save your changes before editing any questions.
Mutual Fund Provide Tax benefit
ELSS
CSLL
LESS
CELL
- Multiple ChoicePlease save your changes before editing any questions.
FD of how many years provide TAX benefit in 80C
2 Years
3 Years
4 Years
5 Years
- Multiple ChoicePlease save your changes before editing any questions.
Gold Provide protection of Financial Goals
Yes
No
N.A
Cant Say
- Multiple ChoicePlease save your changes before editing any questions.
What are the parameters to compare Financial instruments
Protection of Financial goals
Disciplined savings, reinvestment risk
returns post tax, liquidity
all of the above
- Multiple ChoicePlease save your changes before editing any questions.
Protection of Financial Goals:
Other Financial Instruments does not provide risk cover.
On the other hand LI protects your financial goal from day 1.
Both a and b
none of the above
- Multiple ChoicePlease save your changes before editing any questions.
Financial Protection is provided by all instruments except Insurance policies
True
False.
False. Only life insurance provides financial protection
none of the above
- Multiple ChoicePlease save your changes before editing any questions.
In Mutual Fund customer can exit at any time but Life insurance are having lock In period which will result in better returns.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Equity Mutual Funds are having higher Fund management charges as compared to ULIP plans.
Yes
No
- Multiple ChoicePlease save your changes before editing any questions.
Long Term/Short Term capital gain tax is applicable in Mutual funds where in ULIP plans are having tax free.
Yes
No
- Multiple ChoicePlease save your changes before editing any questions.
What is the lock in period in ELSS mutual funds
5 years
1 years
2 years
3 Years