Question

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

a.

Yes, there is a maturity benefit for the employer

b.

No, there is no maturity benefit for the employer

c.

The maturity benefit depends on the terms of the policy

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (b).No, there is no maturity benefit for the employer Explanation:There is no maturity benefit that accrues to the employer under the policy in employer-employee scheme.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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

View solution

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

View solution

Q. What is HUF?

View solution

Q. Who is the Karta in HUF?

View solution

Q. What is the role of Karta in HUF?

View solution

Q. Who are the coparceners in HUF?

View solution

Q. What is the status of daughters in HUF after marriage?

View solution

Q. Can the wife of the Karta become the Karta after his demise?

View solution

Q. Is an HUF eligible for tax deductions and exemptions?

View solution

Q. Can policies be financed from the HUF income for the benefits of only one member?

View solution

Q. Who will be the owner of a policy affected under HUF?

View solution

Q. Can an HUF earn income from investment of its funds?

View solution

Q. How is the insurance cover amount for an HUF policy calculated?

View solution

Q. What is the Married Women's Property (MWP) Act?

View solution

Q. What is the provision of Section 6 of the MWP Act?

View solution

Q. Who can be the beneficiary under the MWP Act?

View solution

Q. Can the beneficiaries of policies taken under the MWP Act be changed by the proposer at any time?

View solution

Q. Who can claim the benefits of policies taken under the MWP Act?

View solution

Q. What is the difference in beneficiary specification for Mohammedan and Non-Mohammedan proposers under the MWP Act?

View solution

Q. How can the cover amount for a policy issued under the MWP Act be determined?

View solution
View All MCQs on IC22 Life Insurance Underwriting

Recommended Subjects

Are you eager to expand your knowledge beyond IC22 Life Insurance Underwriting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Environmental Engineering

Explore the critical field of Environmental Engineering with our dedicated category....

Irrigation Engineering

Master the science of Irrigation Engineering with our dedicated category. Explore...

Data Interpretation

Master the art of data analysis and interpretation with our Data Interpretation...

Verbal Reasoning

Sharpen your logical thinking and reasoning abilities with our Verbal Reasoning...

Tissue Engineering

Delve into the cutting-edge field of Tissue Engineering with our specialized...

Avionics Engineering

Soar into the world of aviation technology with our Avionics Engineering category....

International Relations

Navigate the complex world of International Relations with our dedicated category....

Geotechnical Engineering

Dive into the world of Geotechnical Engineering with our dedicated category. Explore...

UIDAI Aadhaar Supervisor Certification

Prepare for the UIDAI Aadhaar Supervisor Certification with our specialized category....