Under Term Insurance, the Insured Would Receive the Sum Assured

question 12

True/False

Under term insurance, the insured would receive the sum assured if he survives for the term stated in the policy.

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Definitions:

Cultural Differences

The diverse ways in which cultures manifest in beliefs, values, practices, and social behaviors.

Physical Abilities

The capabilities related to physical performance, such as strength, flexibility, endurance, and coordination, often discussed in contexts like health, sports, and job requirements.

Organizational Diversity

The practice of including individuals of various backgrounds, cultures, races, genders, and abilities within an organization to enhance its creativity and productivity.

Cultural Bias

The tendency to interpret or judge phenomena through the lens of one's own culture, potentially leading to misinterpretation of or prejudice against other cultures.