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Xpand_Rewind Day-52

Can Immediate Annuity plan be assigned?
Yes
No
May be
I don’t know
Mr. Tony wants to take ETLI Immediate Annuity Plan with Rs. 90000/-. He will not be allowed to take this plan as minimum purchase price in the plan is:
1,50,000
1,00,000
10,00,000
5,00,000
In annuity plans the minimum annuity amount is stipulated in section ----- of insurance act 1938
Sec 3.1
Sec 4.1
Sec 4
Sec 41
Mr. Pradeep purchased an ETLI Immediate Annuity Plan with life annuity option. He dies during the annuity period then:
SA paid to nominee
Nothing is paid
Purchase price returned to Nominee
None of the above
In life annuity certain option, if the annuitant survives the certain period then?
Annuity stops and contract ceases
A reduced amount is paid as annuity till his death
Annuity is continued to paid till his death
Purchase price returned to annuitant
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