Post Utme Bells University 2020 Commerce Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 34 POST_UTME_BELLS_UNIVERSITY • 2020 • COMMERCE • objective

A life insurance policy has a premium of ₦100,000 per annum. The policy has a term of 20 years and a sum assured of ₦5 million. If the policyholder dies after 10 years, what is the amount payable to the beneficiary?

Answer Options

A. ₦2.5 million
B. ₦3 million
Correct Answer C. ₦3.5 million
D. ₦4 million
Correct Answer
C
Correct Option:
₦3.5 million

About This Question

This is Post Utme Bells University 2020 Commerce Question 34. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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