Mathematics · Financial Mathematics
A policyholder purchased a 20-year Non-Participating Endowment Policy with a Sum Assured of 10,00,000 Rupees. The annual premium is 50,000 Rupees. After paying the premiums for exactly 8 years, the policyholder converts the policy into a 'Paid-up' policy. There are no accrued bonuses as it is a non-par policy. Calculate the 'Reduced Paid-up Sum Assured' that will be payable at the end of the 20-year term or upon the earlier death of the policyholder.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 12,00,000 Rupees
- 28,00,000 Rupees
- 35,00,000 Rupees
- 44,00,000 Rupees✓
Correct answer
4,00,000 Rupees
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Mathematics MCQs →Want more practice questions on Financial Mathematics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Financial Mathematics