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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Q. Which statement accurately describes the purpose of insurance and annuity products?

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Q. What does a term insurance policy cover?

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Q. What benefit does an Endowment Assurance contract provide?

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Q. What is the primary characteristic of an annuity product?

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Q. What are 'Riders' or 'Add-ons' in insurance contracts?

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Q. What option do some contracts provide to policyholders?

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Q. What guarantees do insurers offer on payment of benefits and premiums?

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Q. What do insurance contracts offer in exchange for extra premium?

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Q. Life Insurance Business means ____________________________________.

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Q. When the sum assured is returned to the policyholder at periodic intervals, it is referred to as ____________.

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Q. Which of the following is not a characteristic of riders?

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Q. Which of the following is not an example of an ‘Option’?

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Q. If sum assured is Rs.1,50,000/- and if number of premiums actually paid are 7 and number of premiums actually payable are 10, what is the reduced sum assured?

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