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

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

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

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

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Q. What are underwriting expenses associated with in insurance?

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

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

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

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

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

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

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Q. How are underwriting expenses typically expressed?

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

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

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Q. How are medical expenses typically determined by insurers?

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Q. What do claim expenses for insurers typically include?

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Q. In what situations are claims considered not genuine?

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

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Q. What does the equation E = FE + RE represent in the context of insurance expenses?

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Q. How can the cost of benefit be calculated in insurance terms?

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