Question

What is the minimum death benefit requirement for other than single premium products?

a.

100% of all premiums paid

b.

105% of all premiums paid

c.

Sum assured on death only

d.

Sum of premiums paid and accrued bonuses

Answer: (b).105% of all premiums paid Explanation:For other than single premium products, the minimum death benefit shall be at least 105% of all the premiums paid as on death.

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Q. What is the minimum death benefit requirement for other than single premium products?

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