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Assignment Group 5 - Wholelifepolicy&Term SubmittedbyGroup5...

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Click to edit Master subtitle style  5/30/11 Whole life policy & Term  Submitted by Group 5 : Simon Choudhury                Roll -39 Smriti Pattnaik                    Roll-40 Somyakant Mahapatra        Roll-41 Subhasis Mohanty                Roll-42 Sunil Kumar Singh               Roll-43 Swaroop Ranjan Baghar       Roll-44 Tapan Kumar Jena                Roll-45 Titiksha Mohanty                  Roll-46  Vaishali Joshi                         Roll-47 
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 5/30/11 TERM ASSURANCE POLICY Ø  This is life assurance which pays out the insured sum on the death of the policy holder providing it  occurs within the policy term.  Ø   This  is  a  common  method  to  protect  the mortgage in the event of death and to ensure that  the mortgage debt is repaid.  Ø   The  most  common  types  of  this  insurance  are 
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 5/30/11 Types Of Term Assurance Policy Ø Level Term Assurance  – (i) The premiums are set for the lifetime of the policy.     (ii) Suits people who want to protect fixed debts that
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