Question
The period during which the owner of a deferred annuity
makes payments to build up assets is called?Solution
Accumulation phase has two meanings for investors and those saving for retirement. It refers to the period when an individual is working and planning and ultimately building up the value of their investment through savings. The accumulation phase is then followed by the distribution phase, in which retirees begin accessing and using their funds.
The insurance in which risks are shared between multiple insurers is known as?
Specific questionnaires in insurance proposal forms are common for:Â
Insurance Policy which is provided as an additional layer of security to those who are at risk for being sued for damages to other people’s property o...
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
The principle ensuring an insured is not compensated more than the actual loss is:
 In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Risks for which it is difficult for someone to get insurance is called?
The Employment State Insurance (ESI) Act of 1948 is applicable to all establishments having __________or more workers.
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
Which of the following is NOT a key expense considered in premium calculation?
