Q. What is the definition of 'Long Term Insurance Business' in some countries?

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Q. Which subclass of 'Long Term Business' typically offers protection against the loss of income if the insured passes away?

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Q. What distinguishes Unit Linked Contracts from traditional life insurance products?

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Q. What type of contracts are categorized under 'Permanent health' subclass of long term business?

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Q. Which subclass of 'Long Term Business' offers benefits that increase with respect to an inflation index or a constant inflation value?

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Q. What distinguishes Participative (with profit) Basis contracts from Non-Participative (without profit) Basis contracts?

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Q. What is the percentage of surplus typically allocated to policyholders in Participative (with profit) Basis contracts in India?

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Q. Which type of contracts are issued on both Participative (with profit) Basis and Non-Participative (without profit) Basis?

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Q. What are the additional benefits provided in Participative (with profit) Basis contracts?

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Q. Why is it important for insurers to comply with local laws while designing insurance products?

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Q. What is the primary benefit provided by a Term insurance policy?

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Q. What happens if the insured survives the term of the contract in a Term insurance policy?

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Q. What is the purpose of a Term insurance policy?

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Q. How is the premium paid in a Term insurance policy?

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Q. What type of contracts fall under Pure Death benefit contracts?

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Q. What is a characteristic feature of Term insurance contracts?

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Q. Which type of insurance contract provides cover throughout the policyholder's life?

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Q. What option is typically available to policyholders in whole life insurance contracts?

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Q. What is the primary purpose of whole life insurance contracts?

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Q. What is the main limitation of Term and whole life insurance contracts?

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