Question
a.
Sum assured
b.
Sum assured with premiums paid
c.
Sum assured with guaranteed additions
d.
Sum assured after appropriate deductions
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. If the life assured dies during the tenure of the simple insurance contract, which of the following is payable?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Which of the following is the main reason for considering consumer forums as stakeholders?
View solution
Q. Which of the following is / are the main purposes of the file and use system?
View solution
Q. Selling insurance products depends upon which of the below factors?
View solution
Q. Which of the following does not qualify as eligibility criteria to buy insurance products?
View solution
Q. What is NOT a stakeholder in insurance product design?
View solution
Q. Which regulatory system does NOT involve filing the product before introducing it to the market?
View solution
Q. What factors affect the sale of insurance products?
View solution
Q. Which of the following statements regarding insurance product design is FALSE?
View solution
Q. What is the primary focus of consumer forums in the insurance industry?
View solution
Q. What role do insurers' associations play in the insurance industry?
View solution
Q. What ethical aspect of business do distributors need to adhere to when selling insurance products?
View solution
Q. How do distributors earn remuneration in the insurance business?
View solution
Q. What type of education do policyholders expect before and after purchasing insurance contracts?
View solution
Q. What concerns do policyholders typically have regarding insurance contracts?
View solution
Q. How are innovative products treated if they have not yet been approved by the Authority?
View solution
Q. What criteria determine whether a product can be classified as a savings product according to the regulations?
View solution
Q. What information must be clearly indicated regarding benefits offered on maturity, according to the regulations?
View solution
Q. What is prohibited concerning product names under the regulations?
View solution
Q. What is the treatment of additional payments made on an ad hoc basis according to the regulations?
View solution
Q. What is the characteristic of level premiums as per the regulations?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!