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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  premium paying terms range from five to 16 years.What is the name of the insurance product? 
    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. 

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