Question

What is the minimum frequency for the accrual of additional interest rates or bonus?

a.

Monthly

b.

Half-yearly

c.

Quarterly

d.

Annually

Answer: (c).Quarterly Explanation:For all modes of premium payment, the non-zero positive additional interest rate to be credited should not be less than quarterly frequency.

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Q. What is the minimum frequency for the accrual of additional interest rates or bonus?

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