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Select the expanded form of SV as commonly used in life Insurance
c. Surrender Value
c. Surrender Value
See lessIn which Policy, the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier?
b. Endowment Plans In the policy "Endowment Plans", the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier.
b. Endowment Plans
In the policy “Endowment Plans”, the insurer agrees to pay the assured or his nominees a specified sum of money on his death or on the maturity of the policy whichever is earlier.
See lessIn which Policy, if the policyholder survives till the end of this period, the risk cover lapses, and no insurance benefit payment is made to him/her?
c. Term Insurance Plans In the policy "Term Insurance Plans" if the policyholder survives till the end of this period, the risk cover lapses and no insurance benefit payment is made to him/her.
c. Term Insurance Plans
In the policy “Term Insurance Plans” if the policyholder survives till the end of this period, the risk cover lapses and no insurance benefit payment is made to him/her.
See lessWhich product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan?
d. Unit-linked insurance plan The product "Unit-linked insurance plan" offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
d. Unit-linked insurance plan
The product “Unit-linked insurance plan” offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
See lessSelect the expanded form of SA as commonly used in life insurance
a. Sum Assured
a. Sum Assured
See lessA nomination can be made only in favour of
e. Any individual A nomination can be made only in favor of Any individual.
e. Any individual
A nomination can be made only in favor of Any individual.
See lessWhich of the following are true regarding the Voluntary Compensation and Employers Liability endorsement to the Workers Compensation and Employers Liability (WC & EL) insurance policy?
(A) I only.
(A) I only.
See lessWhich of the following is an important difference between coverage….?
(E) Unlike CGL policies, professional liability and management liability policies often give the insured the right to participate in the decision regarding whether or not a claim should be settled or contested.
(E) Unlike CGL policies, professional liability and management liability policies often give the insured the right to participate in the decision regarding whether or not a claim should be settled or contested.
See lessWhich of the following is NOT a way that aircraft insurance resembles auto insurance?
(B) Both require strict qualifications and licensing of drivers or pilots.
(B) Both require strict qualifications and licensing of drivers or pilots.
See lessWhich of the following is true regarding “drop-down” coverage?
(D) II and III only.
(D) II and III only.
See less