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LIC Premium & Maturity Calculator Knowledge Check

Sharpen your lic premium & maturity calculator skills with algorithmically generated problems. Each attempt produces unique values to test your formula knowledge.

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An endowment policy has a Sum Assured of ₹500000 and a policy term of 24 years. If it receives a Final Additional Bonus (FAB) of ₹50 per 1000 Sum Assured, what is the total FAB amount added to the maturity?

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