L06 Pricing and Valuation in Life Insurance MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on L06 Pricing and Valuation in Life Insurance, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our L06 Pricing and Valuation in Life Insurance MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of L06 Pricing and Valuation in Life Insurance mcq questions that explore various aspects of L06 Pricing and Valuation in Life Insurance problems. Each MCQ is crafted to challenge your understanding of L06 Pricing and Valuation in Life Insurance principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our L06 Pricing and Valuation in Life Insurance MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

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L06 Pricing and Valuation in Life Insurance MCQs | Page 6 of 6

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Q51.
What is the most common form of bonus in life insurance?
Discuss
Answer: (c).Simple Reversionary Bonus Explanation:The most common form of bonus in life insurance is the "Simple Reversionary Bonus." This bonus is expressed as a percentage of the basic cash benefit under the contract. It is added to the basic sum assured or basic pension per annum and becomes part of the policy. Policyholders receive the Simple Reversionary Bonus when they make a claim, either due to death or policy maturity.
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