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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓For life policies under the PPF Scheme, protection is best described as covering:
The PPF Scheme protects guaranteed benefits of life policies subject to caps (for example on the guaranteed sum assured and guaranteed surrender/account value per life assured, per insurer). Non-guaranteed bonuses are not guaranteed by the scheme.
Coverage is capped and focuses on guaranteed benefits — it is not unlimited nor merely a premium refund.
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