Question
a.
Rs 33
b.
Rs 100
c.
Rs 36
d.
Rs 30
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Bonus declared in the last year was 3% of SA. In the current year, it is 10% of the amount of bonus declared in the last year. If Sum Assured (SA) is Rs 1000, what would be the...
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Mr. Sam buys an Endowment Assurance contract with profits for a Sum assured of Rs. 200,000/- and a policy term of 10 years.
He dies in the 5th policy year (i.e. after payment of 5 annual premiums).
Total vested bonus for 5 years is Rs.32,000/-. What is the benefit payable on his death?
View solution
Q. Investment linked contracts provide which of the below?
View solution
Q. Which of the following is not a method of payment of bonus?
View solution
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?
View solution
Q. Which of the following is not an example of an ‘Option’?
View solution
Q. Which of the following is not a characteristic of riders?
View solution
Q. When the sum assured is returned to the policyholder at periodic intervals, it is referred to as ____________.
View solution
Q. Life Insurance Business means ____________________________________.
View solution
Q. What do insurance contracts offer in exchange for extra premium?
View solution
Q. What guarantees do insurers offer on payment of benefits and premiums?
View solution
Q. What option do some contracts provide to policyholders?
View solution
Q. What are 'Riders' or 'Add-ons' in insurance contracts?
View solution
Q. What is the primary characteristic of an annuity product?
View solution
Q. What benefit does an Endowment Assurance contract provide?
View solution
Q. What does a term insurance policy cover?
View solution
Q. Which statement accurately describes the purpose of insurance and annuity products?
View solution
Q. When are surrenders typically allowed in unit linked contracts as per current regulations?
View solution
Q. Which expenses are met from the non-unit accounts in unit linked contracts?
View solution
Q. What is the portion of the premium allocated to the unit account referred to as?
View solution
Q. Which account in a unit linked contract belongs to the policyholder?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
