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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Q. Are policy loans typically available in Whole life insurance contracts?

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Q. What happens if there are any unpaid loans upon the insured's death in a Whole life insurance contract?

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

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Q. What modification can be made to Whole life insurance contracts to meet the insurance needs of the policyholder?

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Q. What type of insurance contract is an Endowment insurance?

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Q. What is one common use of Endowment insurances?

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Q. How are Endowment insurances useful for saving money for retirement?

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