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Term Insurance is a type of insurance policy that provides coverage for a specific period of time, typically ranging from 5 to 30 years. In the event of the policyholder's death during the term of the policy, the insurer pays a death benefit to the beneficiaries named in the policy. Term insurance policies do not provide any returns or benefits on maturity, and are mainly intended to provide financial security to the policyholder's family in case of an untimely death. Hence, option A is correct.
Which of the following RBI directions provides the legal authority for the issuance of the Master Direction on KYC?
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An agreement that is sold over an exchange to buy/sell a financial instrument at a fixed future date is know :
The framework for establishing good corporate governance and accountability was originally set up by the:
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