Q. What is the concept of "product suitability" introduced by IRDAI?

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Q. What is the concept of "product suitability" introduced by IRDAI?What factors are considered when determining the suitability of an insurance product for a prospect?

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Q. What are riders in life insurance products used for?

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Q. What were some major innovations in the life insurance industry in recent years?

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Q. What is the concept of "product suitability" introduced by IRDAI?

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Q. What information is included in "suitability information" for insurance prospects?

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Q. What are riders in life insurance products typically used for?

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Q. Which among the following is an intangible product?

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Q. Which type of insurance provides a series of periodical payments to the dependent beneficiaries instead of a lump sum amount?

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Q. What is the primary purpose of a Term Life insurance plan?

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Q. In October 2020, IRDAI introduced a Standard Individual Term Life Insurance Product called "Saral Jeevan Bima." What are the key features of this product?

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Q. What additional benefit can be included in a Term insurance policy through a rider?

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Q. When is term insurance typically provided as a stand-alone policy?

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Q. What is the main benefit of Term Life insurance as an income replacement plan?

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Q. What is the primary advantage of convertible term insurance policies?

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Q. What is the unique selling proposition (USP) of term assurance?

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Q. What is the primary characteristic of decreasing term assurance?

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Q. In which scenario is term insurance typically relevant?

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Q. What is a limitation of term insurance plans?

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Q. How do whole life insurance premiums compare to term premiums?

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