1690. In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?

By Administrator / August 24, 2025

Sum insured

Sum insured + bonus

Return of premiums

Nothing

✅ The correct answer is C.
ROP plan offers premium refund at maturity if the policyholder survives the tenure.

1708. If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year’s time is

1691. Which of the following is incorrect? (i) – The longer the period of investment, the more they will multiply. (ii)– The lesser the period of investment, the greater they will multiply.

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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