Day 2 - Second Half

Day 2 - Second Half

Professional Development

5 Qs

quiz-placeholder

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Day 2 - Second Half

Day 2 - Second Half

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Venkatesh Waze

Used 4+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Terminal Bonus will not be payable for policies which have been surrendered or which have acquired paid-up value.

Identify whether the above statement is true or false.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a policy matures between two successive bonus declaration dates, the bonus payable to the policyholder is calculated for the remaining days from the last bonus date. This type of bonus is called Interim Bonus.

Identify whether the above statement is true or false.

FALSE

TRUE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under this type of life insurance plan, bonus is declared only if the insurer makes a profit. Which type of plan is this?

Select the correct answer from the list below.

ULIP

Non PAR

PAR

Annuity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Non PAR type of life insurance plan provides a guaranteed amount on maturity, but does not participate in the profits of the life insurance company.

Identify whether the above statement is true or false.

FALSE

TRUE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ms Poonam Wadekar,aged 48 years is working with an MNC . She lives with her husband and has no children. She wants to have life cover and would also like to supplement her pension post retirement which is due in next 12 years.

Which option of Click to Protect Life will suit her best?.

Life Protect option

Income Plus option

Life & Critical Illness Rebalance option