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Options
- A
Yes, it can be used but only by a few select investors
-
Yes, it can done using ULIPs and conventional insurance-cum-investment policies
Correct answer
- C
No, insurance cannot be used as a medium of investment
- D
No, insurance cannot be used as a medium of investment
Why this is the answer
Certain insurance products like ULIPs and investment-linked policies enable policyholders to invest and grow wealth within the insurance framework.
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