Question

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Mr. Khanna took a traditional participating policy
of 10 years. The annual premium is Rs. 1 lakh
and the sum assured is Rs. 8 lakhs. Due to non
payment of premiums, the policy got lapsed in
the 6th year, which was revived in 8th year. If
5% bonus is given every year on a sum assured
what will be the total bonus amount after 10
years, in a simple reversionary bonus system?​

Answer 1

Answer:

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Step-by-step explanation:

because I am the deputy incharge of Brainly