mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium payable being N2,200.00 monthly.due to loss of employment, thomas was not able to pay the premium in the last 3 months .

what is the sum assured for the policy

  • A N26,400
  • B N44,000
  • C N300,000
  • D N528,000

The correct answer is D. N528,000

2200 * 12 months = 26,400 (yearly premium)

26,400 * 20years = 528,000

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