Mr. Rahul had taken insurance of Rupees 50 Lakhs for a period of 25 years. On maturity, the insurer pays the maturity claim minus the survival benefits received during the term of the policy. Which Type of plan was taken by him?
1
Participating Plan
2
Return of Premium(s) Plan
3
Unit-Linked Insurance Plan (U.L.I.P.)
4
Money-Back Assurance Plan
5
None of the Above