3232. A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim?

By Administrator / August 24, 2025

Death claim

Maturity claim

Periodical survival claim

Surrender claim

✅ The correct answer is C.
A payment made under a money-back policy upon reaching a milestone will be classified under Periodical survival claim.

3250. Under risk classification, _________ consist of those whose anticipated mortality corresponds to the standard lives represented by the mortality table.

3234. Number of cases which gets accepted by the underwriting under Non-medical are –

1. If direct material cost is $5500 and prime cost is $25000, then direct manufacturing labour would be

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2. LIFO method of pricing of materials is more suitable when _________.

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