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Today General Knowledge(GK)
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called______
A)
Limited premium
B)
Liquidity
C)
Fund
D)
Cover

Correct Answer : Option (A) - Limited premium



A limited premium payment plan is a plan where you pay the premium for a shorter span of time and enjoy the benefits of an insurance cover for a long time.

Published On : June 2, 2021
Category : Insurance and Finance
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