Author name: Administrator

2380. When instalment revival can be availed?

When policyholder is unable to pay full arrears of premium in lumpsum
When the policy could not be revived under special revival scheme
Both A & B
None of the above
✅ The correct answer is C.
Instalment revival can be availed when policyholder is unable to pay full arrears of premium in lumpsum and when the policy could not be revived under special revival scheme.

2381. Name the deductions made from policyholder of a Unit Linked policy.

Commission
Net Asset Value
Fund
Charges
✅ The correct answer is D.
In a Unit Linked Plan (ULIP), the premiums you pay are invested in the funds chosen by you after deducting allocation charges and charges including those for managing funds, policy administration and for providing insurance cover are deducted from the funds by cancelling certain units. Charges are deducted.

2382. Hewlett-Packard and Microsoft are examples of

limited corporate business
unlimited corporate business
controlled corporate business
corporation
✅ The correct answer is D.
Hewlett-Packard and Microsoft are examples of corporation. Microsoft (NASDAQ:MSFT) and Hewlett-Packard Enterprise (NYSE:HPE) recently unveiled Cloud Productivity and Mobility Solution Offerings (CPM), which will integrate HPE’s consulting services with Microsoft services within Windows 10. HPE will integrate its consulting services into Microsoft’s SaaS (software as a service) platforms, including Office 365, Skype for Business, Dynamics CRM, and Enterprise Mobility Suite.

2385. Distribution of terminal bonuses is a way out for insurance companies to

Reward the policyholders for ins.cos’ unrealized gains
Achieve equity among different generations of policyholders
Both A & B
Either A or B
✅ The correct answer is C.
Distribution of terminal bonuses is a way out for insurance companies to Reward the policyholders for ins.cos’ unrealized gains and achieve equity among different generations of policyholders.

2386. The relevant risk for a well-diversified portfolio is____________.

interest rate risk
inflation risk
business risk
market risk
✅ The correct answer is D.
The relevant risk for a well-diversified portfolio is market risk. Market risk is the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets in which he or she is involved.

2388. What is the way to revival a lapsed policy of life insurance?

Ordinary revival
Special Revival
Instalment revival
Any of the above
✅ The correct answer is D.
Ordinary revival, Special Revival, Instalment revival is the way to revival a lapsed policy of life insurance. The revival of life insurance policy is required when the insured fails to pay the premium within the grace period and the coverage of the policy lapses.
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