quiz on Life insurance products-14-4-2025

__________ is a facility that allows policyholder to shift existing funds from one existing fund to another

• Premium Redirection
• Partial withdrawal
• Fund Switch
• Fund Management

Which among the following is a wealth accumulation product ?

• Bank loans
• Shares
• Current account
• Savings bank account

Which among the following can be categorized under transactional products ?

• Bank deposits
• Life Insurance
• PPF
• Real estate

Endowment product is a combination of _______ and pure endowment plans

• Pure term
• Whole life plan
• Money back plan
• Endowment plan

A young earner’s investment style may be

• Progressive
• Aggressive
• secured
• Conservative

A retired person’s investment style ?

• Conservative
• Aggressive
• secured
• progressive

The premium paid for whole life insurance is ___________ the premium paid for term assurance.

• Higher than
• Lower than
• Equal to
• It depends on company

Term assurance plan also called as ________________

• Money Back plan
• Income replacement plan
• Endowment plan
• Annuity plan

The best suitable plan for wealth creation is

• Endowment policy
• Term Policy
• Whole life policy
• ULIP

In ULIP's insurance cover( Sum Assured ) is _____________Annual premium

• Equal to
• Multiple of
• Total of
• Less than