Question
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
More Insurance Awareness Questions
- Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
- What are the assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire?
- What is the purpose of "mitigation of loss"?
- The first ULIP was launched by which of the following ?
- An independent professional person registered under the Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
- Which insurance policy covers the construction phase of a building project?
- What is the primary characteristic of a "soft market" in insurance?
- The Insurance Act to govern both life insurance and non-life insurance was passed in which year?
- The free-look period is of how many days ?
- Which of the following are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies?
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