Viva
Quiz by Bheema Rao
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5 questions
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- Q1What is the type of bonus which is payable to policy holders who become claimants between two valuation dates?Interim bonusTerminal bonusSimple reversionary bonusCompound reversionary bonus30s
- Q2The one-time bonus that is provided to long term policies, on maturity or death of insured is known asTerminalCompound reversionary bonusSimple reversionary bonusTerminal bonus d. Interim bonus.30s
- Q3What kind of premium is charged for life insurance plans to keep the premium constant.Gross premiumNet PremiumLevel Premium.Risk premium30s
- Q4In ULIP NAV stands forNew Actual valueNew Asset valueNet Asset valueNet Actual value30s
- Q5If the insured person has taken __________, then incase of his accidental death, the beneficiaries would receive additional amount over and above normal sum assured.Waiver of premium riderAccidental death benefit riderCritical illness riderGuaranteed insurability rider30s