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Question

In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased. 



A

Whole life policy 

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B

Endowment life assurance policy 

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C

Joint life policy 

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D

Annuity policy 

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Solution

The correct option is A

Whole life policy 


In this policy, the amount payable to the insured will not be paid before the death of the assured. The sum will become payable only to the beneficiaries or heir of the deceased is known as whole life policy. 


Business Studies

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