A person at the age of 25 years takes a insurance policy of sum assured Rs.50,000 for 30 years term. Calculate premium for Monthly payment assuming the following details: Tabular Premium/ 1000 Rs.40 Rebate for large Sum assured Rs.2 per 1000 Extra premium for monthly payment 5% of tabular premium.
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A person at the age of 25 years takes a insurance policy of sum assured :-ans:-1065
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