In a money back plan, what is the maturity claim payable?

In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?

A

Sum insured

B

Sum insured + bonus

C

Return of premiums

D

Nothing

In a Unit Linked plan what is the maturity claim payable?

A

Sum insured

B

Sum insured less survival benefits paid already

C

Nothing is payable

D

Fund value

In a money back plan, what is the death claim payable?

A

Sum insured

B

Sum insured less survival benefits paid already

C

Bonus

D

Nothing is payable

Maturity claim is payable when

A

The insured survives the first 5 years

B

The insured dies during policy term

C

The insured is diagnosed with a critical illness

D

The insured survives policy term

Maturity claim is payable when _________

A

When the insured survives the first 5 years

B

When the insured dies during policy term

C

When the insured is diagnosed with a critical illness

D

When the insured survives policy term

In a Unit Linked plan what is the death claim payable?

A

Sum insured

B

Sum insured less survival benefits paid already

C

Sum insured or fund value which is higher

D

Fund value

Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?

A

When levels of personal retirement saving increase, consumer borrowing always increases correspondingly.

B

The increased tax revenue the government would receive as a result of business expansion would not offset the loss in revenue from personal income taxes during the first year of the plan.

C

Even With tax incentives,some people will choose not to increase their levels of retirement savings .

D

Bankers generally will not continue to lend money to Businesses whose prospective earnings are insufficient to meet their loan repayment schedules.

Type of bonds in which there are many maturity dates and part of issue is paid off at every maturity date is considered as

A

pledged bonds

B

serial bonds

C

series bonds

D

parallel bonds

When a death claim is payable?

A

If a policyholder dies after maturity of a policy

B

If a policyholder dies during the term of policy

C

If a policyholder dies after surrendering a policy

D

If insured dies after Foreclosure of a policy

A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim?

A

Death claim

B

Maturity claim

C

Periodical survival claim

D

Surrender claim

In a money back plan, what is the maturity claim payable?

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