Question
a.
To provide investment opportunitiesInvestment opportunities
b.
To accumulate wealth quicklyPeace of mind and protection
c.
To protect against the loss of productive abilitiesAccumulated wealth
d.
To create temporary financial goalsLong-term financial goals
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
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?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
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 feature of the "Life annuity with 100% Return of Purchase Price" option in "Saral Pension"?
View solution
Q. What is the mode of annuity payment available for "Saral Pension"?
View solution
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
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!
