Which of the new guidelines for traditional products is not true?

Question

Which of the new guidelines for traditional products is not true?

For participating policies, bonus is linked to performance of the fund
Bonus once announced becomes a guarantee
Such a bonus is called Terminal Bonus
For Non-par policies, returns are disclosed at the beginning of the policy

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

Related Questions

Which of the following is not true of the traditional approach to information processing?

1 Answers 4 Views

Which of the following is not one of the traditional Indian seasons (ritus)?

1 Answers 4 Views

Package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called?

1 Answers 6 Views

Which of the following is not a traditional type of product offered by insurance companies?

1 Answers 5 Views

As per IRDA norms, which of the following non-traditional saving life insurance products are permitted in IndiaI. Unit Linked Insurance PlanII. Variable Insurance Plan?

1 Answers 5 Views

Which among the following is a limitation of traditional life insurance products?

1 Answers 4 Views

As per IRDA, which of the following non-traditional products are permitted to be sold?

1 Answers 5 Views

Which of the following are products and services bought by final consumers for personal consumption These include convenience products, shopping products, specialty products, and unsought products.?

1 Answers 6 Views

Who among the following had during his reign introduced a new calendar, a new system of coinage, and new scales of weights and measures?

1 Answers 4 Views

In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines?

1 Answers 5 Views

AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: Option 3

For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.

4 views Answered 2022-09-01 13:21