Question

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

a.

Fixed sum assured

b.

Variable premiums

c.

Bonuses and cash refunds

d.

Guaranteed benefits only

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Bonuses and cash refunds Explanation:In Participative (with profit) Basis contracts, additional benefits such as bonuses and cash refunds can be provided to policyholders.

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