- 2.50%
- 3.00%
- 5.00%
- 7.50%
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What is the standard length of a grace period under a life insurance policy?
Answer: Option 2 One month not less than 31 days is the standard length of a grace period under a life insurance policy. The amount of time granted in an...
1 Answers 1 views
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:?
Answer: Option 1 Let'
1 Answers 3 views
How long is the free look-in period under a term insurance policy from the date of receipt of the policy document?
Answer: Option 3 A free look period often lasts 15 days (depending on the insurer), allowing the contract holder to decide whether or not to keep the insurance policy; if...
1 Answers 1 views
Under Universal life products, there was facility of completely flexible premiums after how many years?
Answer: Option 1 Under Universal life products, there was facility of completely flexible premiums after One years.
1 Answers 1 views
Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
Answer: Option 3 Rakesh recently bought a health insurance policy and a personal accident policy. The insurance market fall in Non-life insurance in both cases.
1 Answers 1 views
A life insurance policy can only be made paid up if what particular policy feature exists?
Answer: Option 4 A life insurance policy can only be made paid up if Savings element policy feature exists.
1 Answers 1 views
What normally happens to the sum insured under a life insurance policy once the period of the lien expires?
Answer: Option 2 The sum insured under a life insurance policy once the period of the lien expires it increases.
1 Answers 1 views
Apart from the salary level, what another key feature of Alok’s job is likely to have a major impact on the level of his pension, life insurance, and health insurance needs?
Answer: Option 3 Apart from the salary level, Whether the job is in the public or private sector key feature of Alok’s job is likely to have a major impact...
1 Answers 1 views
If both policy loan and premiums are not paid, the outstanding loan/interest may exceed the policy’s cash value. What would the insurer do in such an eventuality?
Answer: Option 4 Foreclosure is the legal process by which a lender takes control of a property, evicts the homeowner and sells the home after a homeowner is unable to...
1 Answers 1 views
Which of the following property specifies the order of a flexible item relative to the rest of the flexible items inside the same container?
Answer: Option 3 The CSS order property specifies the order used to lay out flex items in their flex container. Elements are laid out in the ascending order of the...
1 Answers 1 views