Question

What are Guaranteed Policies in insurance?

a.

Policies with flexible premium payment options

b.

Policies with variable payouts

c.

Policies where the payment amount remains fixed

d.

Policies with no maturity benefits

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Policies where the payment amount remains fixed Explanation:Guaranteed Policies are insurance policies where the payment amount remains fixed, providing certainty to the policyholder.

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Q. What are Guaranteed Policies in insurance?
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