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

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

View solution

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

View solution

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

View solution

Q. What factors do insurers consider when determining the minimum and optimum size of a policy?

View solution

Q. How does the design of an insurance product affect the expected volume of business?

View solution

Q. What impact does the size of population eligible to buy have on insurance sales?

View solution

Q. How does an insurer's past track record in providing services impact sales?

View solution

Q. Which of the following regulations were issued by the regulator in India in the year 2013?

View solution

Q. How are participating products classified in terms of bonus accruals?

View solution

Q. Which of the following is NOT a category under Non-linked variable insurance?

View solution

Q. What is the significance of the regulations regarding product pricing?

View solution

Q. What type of products fall under variable insurance products?

View solution

Q. How are non-linked variable insurance products different from linked variable insurance products?

View solution

Q. What is the minimum frequency for the accrual of additional interest rates or bonus?

View solution

Q. When are bonuses with respect to par products declared?

View solution

Q. What does the policy account value represent in a variable non-linked insurance policy?

View solution

Q. How often is the shadow policy account value maintained?

View solution