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Which of the below mentioned insurance plans has the least or no amount of savings element?
- ATerm insurance plan
- BEndowment plan
- CWhole life plan
- DMoney back plan
Correct answer: A
Discussion 1
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CCommunity
Term insurance plan
Term insurance plan has the least or no amount of savings element. Term insurance does not have a savings element associated with it.
Term insurance plan has the least or no amount of savings element. Term insurance does not have a savings element associated with it.