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Category: IC92 ACTUARIAL ASPECTS – 16

IC92 ACTUARIAL ASPECTS – 16

Que. 1 : Q1) Regulatory systems are of how many types?

   1.  a) One

   2.  b) Two

   3.  c) Three

   4.  d) Four

Que. 2 : Q2) What refers to the process of analyzing the past expenses of the company to fit the desired purpose and is usually done for different purposes such as pricing, asset share, estimating overall profits?

   1.  a) Expense rate

   2.  b) Expense analysis

   3.  c) Expense inflation

   4.  d) None of these

Que. 3 : Q3) Which means the benefit, agreed at the inception of the contract, which is payable on death as specified in the policy document?

   1.  a) Death benefit

   2.  b) Discontinuance

   3.  c) Grace period

   4.  d) Discounted policy fund

Que. 4 : Q4) 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. 5 : Q5) In which account, units are allocated at specified price – Net Present Value’?

   1.  a) Unit account

   2.  b) Non-unit account

   3.  

   4.