Question

For single premium contracts under ULIPs, the minimum sum assured for the age at entry of below 45 years is __________ of the single premium paid.

a.

100%

b.

110%

c.

125%

d.

150%

Answer: (c).125% Explanation:For single premium contracts under ULIPs, the minimum sum assured for those entering below 45 years of age is typically 125% of the single premium paid, providing a baseline level of coverage.

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Q. For single premium contracts under ULIPs, the minimum sum assured for the age at entry of below 45 years is __________ of the single premium paid.

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