Question

What are regular premium products?

a.

Products with irregular premium payment intervals

b.

Products with limited premium payment period

c.

Products with premium payment throughout the term at regular intervals

d.

Products with single premium payment option

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Products with premium payment throughout the term at regular intervals Explanation:Regular Premium Products refer to non-linked insurance products where the premium payment is throughout the term of the product and are paid in regular intervals like yearly, half-yearly, etc.

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