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

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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?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Q. What makes Money Back plans attractive for policyholders?

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

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Q. What is the primary purpose of endowment assurance?

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