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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is the minimum death cover required for all non-linked individual life insurance products according to IRDAI regulations?

View solution

Q. What is the main characteristic of Non-participating (Non-Par) products?

View solution

Q. What is the key difference between Participating (Par) and Non-Participating (Non-Par) life insurance products?

View solution

Q. What makes Money Back plans attractive for policyholders?

View solution

Q. What is a Money Back policy's primary characteristic?

View solution

Q. What is the primary purpose of endowment assurance?

View solution

Q. What is one way to use the cash value of a whole life insurance policy?

View solution

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

View solution

Q. What is a limitation of term insurance plans?

View solution

Q. In which scenario is term insurance typically relevant?

View solution

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

View solution