Q. Why is a successful track record important in qualifying a person as a key person?

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Q. What is the importance of the number of key persons in a company in confirming the criticality of a person to the company?

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Q. Why is it easier to evaluate the value of a key person with a good earnings trend?

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Q. What is the primary reason to purchase keyman insurance?

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Q. What are the common challenges faced by underwriters while assessing a keyman insurance proposal?

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Q. Which of the following is NOT a factor in qualifying a proposed insured as a key person?

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Q. What is the maximum amount of keyman insurance that can be granted to a company?

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Q. What type of insurance plans are allowed for keyman insurance according to current regulations?

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Q. Which are the types of child plans offered by the insurers in the market?

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Q. What is partnership insurance?

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Q. Why is partnership insurance important?

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Q. How is the amount of cover determined in partnership insurance?

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Q. What is anti-selection in partnership insurance?

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Q. What happens to the proceeds of a partnership insurance policy?

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Q. What is the purpose of employer-employee scheme?

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Q. Who is the proposer in employer-employee scheme?

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Q. Is there a maturity benefit for the employer in employer-employee scheme?

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Q. What are the two approaches to implementing employer-employee scheme?

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Q. How is the premium paid by the employer treated for tax purposes in employer-employee scheme?

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Q. What is HUF?

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