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A 35-year old person takes a policy for ...

A 35-year old person takes a policy for Rs.1,00,000 for a period of 20 years. The rate of premium is Rs.76 and the average rate of bonus is Rs.7 per thousand p.a. If he dies after paying 10 annual premiums, what amount will his nominee receive?

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The correct Answer is:
Rs.1,07,000
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