Question
Life Insurance Corporation has launched a
non-participating product with a minimum entry age for the product is 20 years offering 11 annuity options to the policyholders, and they have the flexibility to choose between regular and single premiums.What is the name of the product ?Solution
State-owned Life Insurance Corporation of India (LIC) has announced the launch of the non-participating product Jeevan Dhara-II. The minimum entry age for the product is 20 years. The annuity is guaranteed from inception, offering 11 annuity options to the policyholders, and they have the flexibility to choose between regular and single premiums. The available deferment period is from 5 years to 15 years in the case of regular premium and from 1 year to 15 years for single premium.
Two partners A and B invested Rs 70,000 and Rs 50,000 respectively in a business. Both the partners distribute 75% of the profit equally and distribute ...
A invest thrice the sum invested by B and withdraws half of sum after 2 months and again withdraws half of the remaining sum after 4 months. Find ratio ...
Mayank invested Rs. 100,000 in the garment business. After a few months, Shanu joined him with Rs. 60000. At the end of the year, the total profit was d...
"Karan" and "Arjun" launched a business, with "Karan" contributing 25% more capital than "Arjun." 8 months later, 'Arjun' pulled out of the investment. ...
- Suresh and Ramesh entered into a partnership. Suresh invested Rs. 2,400 more than Ramesh and withdrew his amount after 10 months. If the profit sharing rat...
P, Q and R started a business. P and Q invested 25% and 50% more than R respectively. If total profit at the end of the year is Rs. 32000, find Q’s sh...
Three friends A, B and C entered into partnership by investing Rs. 40X, Rs. (5X + 1500) and Rs. (5000 – 10X) respectively. The ratio of the time peri...
‘Karan’ invested Rs. 3,000 in a business. After 5 months, ‘Lokesh’ joined with 60% of Karan’s investment. If the total profit at the end of th...
P invested Rs. 20,000 in a SIP offering 10% compound interest compounded annually, whereas M invested Rs. 2000 more than the amount invested by P in a S...
‘J’, ‘K’, and ‘L’ started a business with initial investments of Rs. ‘5x + 700’, Rs. ‘6x + 600’, and Rs. ‘3x + 400’ respectively...
Relevant for Exams:
