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      Question

      Life Insurance Corporation of India (LIC) has launched a

      new non-linked, non-participating individual savings whole life insurance product in which the minimum sum assured is Rs 5 lakh & the┬а premium paying terms range from five to 16 years.What is the name of the insurance product?┬а
      A Jeevan Utsav Correct Answer Incorrect Answer
      B Samriddhi Jeevan Correct Answer Incorrect Answer
      C Jeevan Sanraksha Correct Answer Incorrect Answer
      D Nivedan Jeevan Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Life Insurance Corporation of India (LIC) has launched a new non-linked, non-participating individual savings whole life insurance product - Jeevan Utsav. The minimum sum assured under the policy is Rs 5 lakh. The premium paying terms range from five to 16 years. The minimum age at entry is eight years, while the maximum limit is 65 years.┬а

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