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Category: IC92 ACTUARIAL ASPECTS – 10

IC92 ACTUARIAL ASPECTS – 10

Que. 1 : Q1) Which annuity is also called as whole life annuities?

   1.  a) Deferred annuity

   2.  b) Temporary annuities

   3.  c) Joint life annuity

   4.  d) Immediate annuities

Que. 2 : Q2) An insurer wants to sell 5-year temporary assurance products to lives aged 20, and he uses the above life table in respect of mortality experience. If we ignored all expenses of the insurer. Calculate Present value of Single premium for a Sum Assured of Rs. 1000.Assume discounting rate of 10% and the death benefit is payable at the end of policy year in which death took place?

   1.  a) 79.4498

   2.  b) 95.2456

   3.  c) 125.3548

   4.  d) 144.3654

Que. 3 : Q3) Which policy gives Benefit payment on death only during a specified policy term?

   1.  a) Temporary Term Assurance

   2.  b) Pure Term Assurance

   3.  c) Term Assurance with Return of Premium

   4.  d) Increasing Term Assurance

Que. 4 : Q4) 1. Employer can buy insurance for his employees. 2.A husband can buy insurance for his wife Look at the statement above and choose the correct option:

   1.  a) Statement 1 is true and statement 2 is false

   2.  b) Statement 2 is true and statement 1 is false

   3.  c) Both statement are true

   4.  d) Both statement are false

Que. 5 : Q5) Who can sell more than one insurance products an d represents customers and they are paid by customers as advice fee or charge from insurance company as well?

   1.  a) Agents

   2.  b) Bancassurance

   3.  c) Direct marketing

   4.  d) Brokers