Q. Why has the cash flow method gained popularity in recent years?

View solution

Q. How does the cash flow method differ from the formula method in terms of computational approach?

View solution

Q. What does the "cost of benefits" component of premium calculation primarily include?

View solution

Q. In addition to the pure premium, what else is included in the "cost of benefits" component for traditional insurance products?

View solution

Q. How does the "cost of benefits" component differ for unit-linked products compared to traditional products?

View solution

Q. What are procurement expenses primarily related to in insurance?

View solution

Q. What are underwriting expenses associated with in insurance?

View solution

Q. Which of the following is NOT typically covered under administrative expenses in insurance?

View solution

Q. What is the primary consideration for a new insurer in estimating expenses while pricing insurance products?

View solution

Q. What types of expenses are typically related to premium payments in insurance?

View solution

Q. Which of the following is NOT a type of premium payment method?

View solution

Q. What are examples of initial fixed expenses incurred by insurers?

View solution

Q. Why are insurers often reluctant to sell small premium policies?

View solution

Q. How are underwriting expenses typically expressed?

View solution

Q. When do insurers typically insist on medical examination and reports for a life assured?

View solution

Q. What is the purpose of medical expenses borne by insurers?

View solution

Q. How are medical expenses typically determined by insurers?

View solution

Q. What do claim expenses for insurers typically include?

View solution

Q. In what situations are claims considered not genuine?

View solution

Q. Why do insurers exercise caution in designing various documents?

View solution