A) Life Insurance
B) Disability Insurance
C) Mortgage Redemption Insurance
D) General Insurance
E) Disaster Insurance
Correct Answer: C
Solution :
Mortgage Redemption Insurance (MRI) is an insurance policy that provides financial protection for home loan borrowers. It is basically a de- creasing term life insurance policy taken by a mortgagor to repay the balance on a mortgage loan if he/she dies before its full repayment. It can be called a loan protector policy.
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