…………are those where a part of the premium is charged for the risk cover and the rest is invested in selected mutual funds as per the choice of the investor.

Related MCQs

• Gross Premium means Net Premium plus___________
• Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be ____________ for the same age
• Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _____
• Gross premium means Net premium plus ________
• The person responsible for evaluation and acceptance / rejection of risks and computation of premium in insurance is called
• In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____
• Fidelity Guarantee Policies cover losses due to fraud by ____________
• Motor insurance provides insurance cover to ________
• Marine insurance may cover loss or damage to the ________
• ___________ Policy is issued to cover the risks involved when the ship is anchored in the post.