Question

According to the regulations, how should the maturity benefits be indicated in product literature?

a.

Indicate only the protection-oriented aspects

b.

Clearly indicate whether the product is protection-oriented, savings-oriented, or a combination

c.

Mention only the percentage return of premiums paid

d.

Offer a meager amount in excess of return of premiums paid

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Clearly indicate whether the product is protection-oriented, savings-oriented, or a combination Explanation:The product literature should clearly indicate whether the product is protection-oriented, savings-oriented, or a combination of the two, according to the regulations.

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Q. According to the regulations, how should the maturity benefits be indicated in product literature?
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