Ram and his wife have taken a life policy. The premium is paid jointly or by one of them in installments or in total. The promised amount is paid upon the death of one person to the other survivor.

Whole Life Policy

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Joint Life Policy

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Children's Endowment Policy

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None of the above

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Solution

The correct option is B
Joint Life Policy

The policy that they have taken is Joint Life Policy.

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Similar questions

This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.

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