Question

In the context of insurance, what is the 'cashback' offer usually based on?

a.

Policy duration

b.

Premium allocation charge (PAC)

c.

Insurance coverage

d.

Agent's salary

Posted under IC 14 Regulations of Insurance Business

Answer: (b).Premium allocation charge (PAC) Explanation:Cashback offers are often based on a percentage of the premium allocation charge (PAC) that the agent might return to the policyholder.

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Q. In the context of insurance, what is the 'cashback' offer usually based on?
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