Question

What information must be clearly indicated regarding benefits offered on maturity, according to the regulations?

a.

Whether the product is protection oriented or savings oriented

b.

Whether the product is term or whole life insurance

c.

Whether the product offers health benefits

d.

Whether the product is suitable for high-risk individuals

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Whether the product is protection oriented or savings oriented Explanation:The product literature must clearly indicate whether the product is protection oriented or savings oriented or a combination of the two regarding benefits offered on maturity, as per the regulations.

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Q. What information must be clearly indicated regarding benefits offered on maturity, according to the regulations?
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