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A Life Policy That Pays The Sum Assured If The Policyholder Dies Anytime Within The Policy Period Is? - Erudites Academy

A. term assurance
B. pure endowment
C. whole life insurance
D. personal accident insurance

Correct Answer: Option A

A. term assurance

Explanation

A term assurance policy will be set up to last for a certain period of time (usually a specific number of years or until you reach a certain age): this is known as the term of the policy. Payment will only be made in the event of your death during that period.

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