PERSONAL FINANCE
PERSONAL FINANCE
5th Edition
ISBN: 9781308498706
Author: Kapoor
Publisher: McGraw Hill
Question
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Chapter 12, Problem 12.1PQ1
Summary Introduction

To explain:

The creation of life insurance plan from the help of internet.

Introduction: Life insurance refers to that insurance which provides coverage to the family of insured person who died due to uncertainty. The life insurance provide a financial coverage and one should not connect it with emotions.

Expert Solution & Answer
Check Mark

Answer to Problem 12.1PQ1

Solution:

There are various kinds of help provided by internet:

  • Comparison facility,
  • Availability of registration facility,
  • Online excess of plan,
  • Availability of feedbacks

Explanation of Solution

There are many things in which the internet helps to create life insurance plan.

  • Before taking the life insurance policy, it is important to analyze the various financial plans available in the market.
  • After decide the plan, there are application forms are available on the website for the registration of policy.
  • One can easily access online his plan accordingly.
  • The feedbacks of the policy also can be easily available on the website through which the plan performance can be analyzed easily.

Thus, the various kinds of help provided by internet to create life insurance plan are comparison facility, availability of registration facility, online excess of plan and availability of feedback.

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