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This question belongs to Commerce Insurance

Insurance

?

State the correct option?

A) In endowment policies for 20 years premium is payable for all years under all circumstances B) There cannot be a single premium policy of 20 years C) In a 20 year endowment policy there can be provision for payment of premium only for a few years D) In life insurance terminology premium and price are different

Answer & Solution

Correct Answer: Option C

In a 20 year endowment policy there can be provision for payment of premium only for a few years.

Question posted by Examveda

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