Question

What is the ceiling of annual premium in a Micro Variable Insurance Product?

A Rs 6000 p.a Correct Answer Incorrect Answer
B Rs 7000 p.a Correct Answer Incorrect Answer
C Rs 8000 p.a Correct Answer Incorrect Answer
D Rs 9000 p.a Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

As per the Regulations, the Annual Premium shall not exceed Rs 6000 p.a. in a Micro Variable Insurance product under Non Linked Non-Par platform.

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