7 Questions
What is the minimum investment period for bank Fixed Deposits?
30 days
Who are the ideal investors for Fixed Deposits with banks?
Investors with low investment period
What does a term life insurance policy provide?
A lump sum payment to the designated beneficiary in case of the death of the insured
What does an endowment policy provide?
Periodic payment of premiums and a lump sum amount either in the event of death of the insured or on the date of expiry of the policy
What does an annuities/pension policy provide?
A guaranteed income for life or for a certain period
What does a ULIP provide?
A combination of risk cover and investment
What is the main purpose of a life insurance policy?
To provide funds for the loss of income in case of death
Explore different short-term financial options for investment in this quiz. Learn about savings bank accounts and fixed deposits with banks, including their interest rates and minimum investment periods. Find out which option suits your investment needs best.
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