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Mr Sudhir Had Taken an Insurance-Cover of Rupees 25 Lakhs

Question 14

Multiple Choice

Mr. Sudhir had taken an Insurance-Cover of Rupees 25 Lakhs, from ABC Insurance Company, 20 Years Back. On Maturity, the Company pays the Sum-Assured Plus Accumulated Bonuses, Less the Dues (Outstand ing Premium(s) ) , as the Maturity-Claim, to Mr. Sudhir. Which Type of Plan, was taken, by Mr. Sudhir?


A) Participating Plan
B) Return of Premium(s) Plan
C) Unit-Linked Insurance Plan (U.L.I.P.)
D) Money-Back Assurance Plan

Correct Answer:

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