A.....may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy conditions.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A____may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy conditions.

A	Policy Charges
B	Administration Charges
C	Surrender Charges
D	Fund Switching Charge

Explanation:

Detailed explanation-1: -A surrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy conditions. Generally a limited number of fund switches may be allowed each year without charge, with subsequent switches, subject to a charge.

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