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Strategies for Professional Growth · Quiz 2 · 23 Nov 2025 · September 2025 term

Question 8: Which of the following statements about risk protection i…

Question 8

+1 markOne correct option

Which of the following statements about risk protection is/are correct?
1. Term life insurance is primarily for fixed period protection, not investment.
2. Health insurance helps prevent financial distress from medical emergencies.
Choose the correct option:

  1. A

    1 only

  2. B

    2 only

  3. C

    Both 1 and 2

  4. D

    Neither 1 nor 2

Show answer

Correct answer

  • C

    Both 1 and 2

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Question 8 of 18 in the IIT Madras BS Strategies for Professional Growth (SPG) Quiz 2 paper sat on 23 Nov 2025, in the September 2025 term (IIT M IMPROVEMENT AN EXAM QIA2 23 Nov 2025). It carries 1 mark.

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