Q. What is the purpose of the terminal bonus in insurance contracts?

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Q. Which method of bonus calculation is based on a fixed percentage of the sum assured or premiums?

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Q. How is compound bonus calculated?

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Q. What distinguishes cash bonus from other methods of bonus payment?

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Q. What is the key characteristic of paid-up additions as a method of bonus payment?

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Q. What distinguishes the discount in premium method from the cash bonus method?

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Q. What is the key characteristic of future bonuses in insurance contracts?

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Q. What is the primary purpose of participating contracts in insurance?

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Q. How are future bonuses typically related to the current year's bonus?

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Q. What is the main difference between participating and non-participating insurance contracts in terms of premiums?

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Q. Which condition must be met for a policy to be eligible for receiving bonuses?

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Q. Under what circumstance would the condition of keeping the policy in force for a certain period not apply?

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Q. How are vested bonuses typically paid out?

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Q. When are bonuses usually declared?

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Q. What is the guarantee regarding future bonuses in insurance policies?

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Q. What distinguishes unit linked contracts from traditional insurance contracts?

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Q. Which account in a unit linked contract belongs to the policyholder?

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Q. What is the portion of the premium allocated to the unit account referred to as?

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Q. Which expenses are met from the non-unit accounts in unit linked contracts?

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Q. When are surrenders typically allowed in unit linked contracts as per current regulations?

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