Comprehension
Refer to the table given below and answer the questions that follow.
TERM LIFE INSURANCE
TERM LIFE INSURANCE
| Policy/Insurance | Max age of Entry | Tenures possible | Max. age at expiry | Min. sum assured | For life cover of Rs. 10 lakh premium in Rs. (Entry age/coverage period in yrs) | |||
| \((\frac{30}{25})\) | \((\frac{40}{20})\) | \((\frac{5}{10})\) | \((\frac{55}{10})\) | |||||
| ICICI Prudential | 50 | 5 to 25 yrs. | 65 | Rs. 1 lakh | 3043 | 5110 | 8197 | N.A. |
| HDFC Standard Life | 60 | 5 to 30 yrs | 65 | Rs. 1 lakh | 3050 | 5110 | 8320 | 12600 |
| Max New York Life | 55 | 5, 10, 15, 20, 25 yrs. | 60 | Rs. 2.5 lakh | 3220 | 5650 | 10000 | 12150 |
| Birla Sun Life | 55 | 5, 10, 15, 20, 25 yrs. | 70 | Rs. 2 lakh | 3160 | 5150 | 8790 | 13100 |
| LIC Anmol Jeevan | 50 | 5 to 25 yrs. | 60 | Rs. 5 lakh | 3860 | 7010 | 11450 | N.A. |
Question: 1
The maximum that a 50-year-old individual can hope to insure his life for is
The maximum that a 50-year-old individual can hope to insure his life for is
Updated On: Sep 25, 2025
- 20 yrs
- 15 yrs
- 10 yrs
- Cannot be detemined
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A): 20 yrs
Was this answer helpful?
0
0
Question: 2
From the table above, if a 50-year-old individual wants to buy a life insurance cover of Rs. 10 lakh (for a coverage period of 10 yrs.), then his best option is
From the table above, if a 50-year-old individual wants to buy a life insurance cover of Rs. 10 lakh (for a coverage period of 10 yrs.), then his best option is
Updated On: Sep 25, 2025
- Max New York Life
- HDFC Standard Life
- ICICI Prudential
- Cannot be determined
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The correct option is (C): ICICI Prudential
Was this answer helpful?
0
0
Question: 3
From the table, how many life insurance options are available for a 51-year-old who wants 6 years of coverage?
From the table, how many life insurance options are available for a 51-year-old who wants 6 years of coverage?
Updated On: Sep 25, 2025
- 3
- 2
- 1
- None of these
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is (D): None of these
Was this answer helpful?
0
0
Top Questions on Table
- Study the following table and answer the question that follows. If the population of state B is 42,00,000 and the population of state C is 32,00,000, then what is the sum of number of females below poverty line in state B and number of males below poverty line in state C?
- Study the following table and answer the question that follows. The given table shows the percentage population of three states A, B and C below poverty line and the ratio of males and females as per poverty line. If the total population of state A is 51,00,000, then what is the number of females above the poverty line in state A?
- The following table shows the total number of people who were stuck in traffic jam while going to their office on working days of a week due to construction of a flyover. Table also shows the ratio of male to female among them. If 30% males on Tuesday and 60% males on Wednesday reached their office on regular time of the office, then how many males got late on Tuesday and Wednesday taken together?
- The following table shows the total number of people who were stuck in traffic jam while going to their office on working days of a week due to construction of a flyover. Table also shows the ratio of male to female among them. Find the average number of females who were stuck in traffic on working days.
- The table shows the marks of five engineering students in Thermodynamics and Hydraulics. What is the ratio between the total marks obtained by Parikh in Thermodynamics and Hydraulics together and the same by Tahir?
View More Questions
Questions Asked in NMAT exam
- In a class of 50 students:
30 like cricket
20 like football
15 like both cricket and football
How many students like only cricket?
- NMAT - 2025
- Logical Deduction
- If \( 2x + 3 = 11 \), what is the value of \( x \)?
- NMAT - 2025
- Algebra
- Choose the word that is most nearly opposite in meaning to "benevolent."
- NMAT - 2025
- Synonyms and Antonyms
- Statement 1: All engineers are good at problem-solving.
Statement 2: Some problem-solvers are good at coding.
Conclusion: Some engineers are good at coding.
Which of the following is correct?
- NMAT - 2025
- Syllogisms
- In a class of 10 students, K is to the left of L but to the right of M. N is to the left of M and to the right of J. J is to the left of K but to the right of L. Which of the following is true?
- NMAT - 2025
- Puzzle
View More Questions