Question

What are the two variants of life insurance products concerning death benefits?

a.

Basic and Advanced plans

b.

Participating and Non-participating plans

c.

Guaranteed and Variable plans

d.

Term and Whole Life plans

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Participating and Non-participating plans Explanation:The two variants of life insurance products concerning death benefits are Participating and Non-participating plans.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What are the two variants of life insurance products concerning death benefits?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the key characteristic of a "defined benefit plan" in the context of pension plans?

View solution

Q. What does an occupational or employer pension refer to?

View solution

Q. What is the primary purpose of an annuity in the context of retirement planning?

View solution

Q. How is a pension typically provided to individuals upon retirement?

View solution

Q. What is the "vesting date" in the context of pension plans?

View solution

Q. What is an "immediate annuity" in the context of pension plans?

View solution

Q. What is the primary goal of introducing "Saral Pension" by IRDAI?

View solution

Q. How many annuity options are offered by the "Saral Pension" product?

View solution

Q. What is the mode of annuity payment available for "Saral Pension"?

View solution

Q. What is the primary feature of the "Life annuity with 100% Return of Purchase Price" option in "Saral Pension"?

View solution

Q. In the "Joint Life annuity" option of "Saral Pension," what happens on the death of the primary annuitant?

View solution

Q. What is the primary purpose of life insurance products?What does a life insurance policy provide to the near and dear ones of the insured?

View solution

Q. What is the primary purpose of life insurance products?

View solution

Q. What is a key characteristic of term insurance?

View solution

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

View solution

Q. What is the main difference between term assurance and whole life insurance?

View solution

Q. The premium paid for whole life insurance is _____________ than the premium paid for term assurance.

View solution
View All MCQs on IC38 Life Insurance Agent Exam

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? 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!

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Electronics and Communication Engineering

Explore the dynamic field of Electronics and Communication Engineering with our...

Mechanical Engineering

Explore the world of Mechanical Engineering with our specialized category. Dive into...

Verbal Ability

Hone your language and communication skills with our Verbal Ability category. Enhance...

Surveying

Master the art of land surveying and geomatics with our Surveying category. Explore...

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

UIDAI Aadhaar Supervisor Certification

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

Biotechnology

Discover the cutting-edge world of biotechnology with our Biotechnology category....

Textile Engineering

Explore the dynamic world of Textile Engineering with our specialized category. Delve...