Question

What should be clearly stated in the prospectus of an insurance product?

a.

The personal information of the insured.

b.

The names of the insurance agents involved.

c.

The scope of benefits, extent of insurance cover, warranties, exceptions, and conditions of the insurance cover.

d.

The financial performance of the insurance company.

Answer: (c).The scope of benefits, extent of insurance cover, warranties, exceptions, and conditions of the insurance cover. Explanation:The prospectus of an insurance product should clearly state the scope of benefits, extent of insurance cover, warranties, exceptions, and conditions of the insurance cover, ensuring transparency and clarity for the policyholders.

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Q. What should be clearly stated in the prospectus of an insurance product?

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