Question
Download Solution PDFWhich among the following is a policy that offers both the options of investment as well as insurance?
This question was previously asked in
NIACL Assistant Mains 6 Oct 2018 Memory Based Paper
Answer (Detailed Solution Below)
Option 1 : Unit Linked Insurance Plan
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Download Solution PDF- Unit Linked Insurance Plan is such that it gives the investors the option to invest in various instruments such as bonds, stocks etc. along with insurance cover.
- Health Insurance is issued in order to cover the expenses towards medical treatment of a patient.
- Term Insurance is the purest form of insurance in which there is only insurance cover.
- Motor Insurance is issued in order to honour claims arising out of accidents injuring third party or own damage of the vehicle.
Latest NIACL Assistant Updates
Last updated on May 5, 2025
-> The NIACL Assistant RLT Hall Ticket has been released on 5th May 2025 for the Regional Language Test. The RLT exam will be held from 13th to 15th May 2025.
-> The mains exam for the shortlisted candidates was held on 2nd March 2025.
-> The prelims took place on 27th January 2025.
-> The NIACL Assistant 2025 Notification was released for 500 vacancies.
-> The recruitment process consists of Prelims, Mains, and a Regional Language Test.
-> Candidates are entitled to a salary of Rs. 40,000 per month for the NIACL Assistant post.
-> Meanwhile, they should continue their preparation with the help of the NIACL Assistant standard books.
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