GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Anmol Jeevan is a ____of the LIC.
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Pension Plan
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Children’s Plan
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Term Insurance Plan
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Basic Life Insurance Plan
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Explanation:
Detailed explanation-1: -A grace period of 30 days is allowed for clearing the premium payment before the Anmol Jeevan policy lapses.
Detailed explanation-2: -LIC Jeevan Amar is a non-participating, non-linked, offline term insurance plan that gives all the benefits of a term insurance plan alongside promising death benefits to your family.
Detailed explanation-3: -When Anmol Jeevan comes with Rs 25 lakh maximum coverage, Amulya Jeevan comes with a minimum coverage of Rs 25 lakhs. Anmol Jeevan comes with a minimum coverage of Rs five lakh, which is not possible in Amulya Jeevan. A policyholder of Amulya Jeevan has to pay less than a policyholder of Anmol Jeevan.
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