Question

How much can the sum insured increase with a "cumulative bonus" for claim-free renewals?

a.

Up to a maximum of 10%

b.

Up to a maximum of 25%

c.

Up to a maximum of 50%

d.

There is no limit to the increase

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Up to a maximum of 50% Explanation:The sum insured can increase with a "cumulative bonus" for claim-free renewals up to a maximum of 50% for ten claim-free renewals.

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Q. How much can the sum insured increase with a "cumulative bonus" for claim-free renewals?
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