Basics of life insurance

Which of the below correctly define Life insurance

• Risk poolong

• Losses of few shared by many

• Both

• Risk reduction

The below is not the value of Aditya birla group

• Speed

• Integrity

• Seamlessness

• Respect

ABSLI started its operations in the year

• 2000

• 2001

• 2002

• 1999

Mutual fund is a_______

• Pull product

• Push product

• Both

• None

LIC started in the year___

• 1926

• 1906

• 1956

• 1938

Which section will explain the concept of Assignment

• Sec39

• Sec45

• Sec41(1)

• Sec38

Who is the ultimate beneficiary Under MWPA

• Wife and children

• Only wife

• Only children

• Husband

What is sec39 of insurance act 1938

• Assignment

• Nomination

• Both

• Death benefit

Non-participating plan will give

• Partially guaranteed returns

• Returns completely non guaranteed

• Fully guaranteed returns

• depending on market

in par plan the customer will get

• Bonus

• Dividend

• Share value

• Interest