Mr ali purchased a term policy for ten years of 50000 on annual premium find how much he will pay per annum? Also calculate for amount of bonus for first five years?
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Maturity benefit would be equal to the Sum Assured + Bonus Amounts which have been received throughout the policy term + any Final Addition Bonus if declared. Now whenever the death of the policyholder happens (even after the policy term), the nominee will additionally get the Sum Assured amount as the Death Benefit.
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Mr ali purchased a term policy for ten years of 50000 on annual premium find how much he will pay per annum? Also calculate for amount of bonus for first five years?
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