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Single Premium Policy

A life insurance policy for people who want to buy a policy for a one-time lump sum payment and then be covered for the specified term or for life, as per the insurance contract, without paying any additional premiums.

News On Single Premium Policy
EXCLUSIVE: Insurers may seek hike in premium for PM's accident insurance scheme

02-04-2018| Source:Moneycontrol.com

Considering Rs 12 premium for 23.3 million policies, the premiums collected were roughly Rs 28 crore; but claims worth almost Rs 420 crore have been received.

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