Question

How is the Compound Bonus expressed in life insurance?

a.

As a percentage of the basic cash benefit under the contract

b.

As a fixed amount for each policyholder

c.

As a percentage of the premium paid

d.

As a lump sum payment at the end of the policy term

Answer: (a).As a percentage of the basic cash benefit under the contract Explanation:The Compound Bonus in life insurance is expressed as a percentage of the basic cash benefit under the contract.

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Q. How is the Compound Bonus expressed in life insurance?

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