Q. Pricing of insurance products is directly related to which of the below?

View solution

Q. What do insurers consider while determining the expected volume of business?

View solution

Q. What factors do insurers consider while determining the optimum size of a policy?

View solution

Q. What influences the pricing of insurance products according to regulations?

View solution

Q. How is commission payment usually expressed in insurance?

View solution

Q. What are the types of premium payment?

View solution

Q. What does the cost of expenses in insurance include?

View solution

Q. What does the cost of benefit in insurance represent?

View solution

Q. How can the equation of value for insurance products be expressed?

View solution

Q. Which factor should pricing meet for insurance products?

View solution

Q. What is the term used for the price paid for buying insurance?

View solution

Q. What is the basis for calculating the net yield?

View solution

Q. How should mortality and morbidity charges be treated in the calculation of net yield?

View solution

Q. What are non-negative claw-back additions in unit linked products?

View solution

Q. What is the maximum allowable net reduction in yield at maturity for policies with a term of more than 10 years?

View solution

Q. What is the purpose of the Reduction in Yield requirement for linked and variable insurance products?

View solution

Q. What is the cap on Fund Management Charges for each segregated fund?

View solution

Q. What is the limitation on charges for unit linked products?

View solution

Q. When is the Miscellaneous charge levied?

View solution

Q. When is the Partial withdrawal charge levied?

View solution