Question

How is the remuneration for a micro-insurance agent determined for single premium life insurance policies?

a.

15% of the single premium

b.

20% of the single premium

c.

10% of the single premium

d.

25% of the single premium

Answer: (c).10% of the single premium Explanation:The regulations outline that for single premium life insurance policies, a micro-insurance agent may be paid remuneration, and it should not exceed 10% of the single premium.

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Q. How is the remuneration for a micro-insurance agent determined for single premium life insurance policies?

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