Describe One of the Major Innovations of the Universal Life Assurance Policy. Choose the Most Appropriate Option.

Related MCQs

• Which One of the Following, is Not a Limitation of Traditional Life Assurance Products? Choose the Most Appropriate Option.
• Label the Interest, that the Insured has, in the Subject-Matter of Life Assurance. Choose the Most Appropriate Option.
• Mr. Ramesh is 55 Years' Old, and has 5 Working-Years, Left for Retirement. Currently, His Annual Income is Rupees 5 Lakhs, and He has purchased a Life Assurance Policy of Rupees 15 Lakhs. If He were to die Pre-Maturely, in the Current-Year, it-self, then, How Much Will His Family get from the Life Assurance Company?
• Ms. Kavita purchases a Critical Illness (C.I.) Rider, along with, a Term Assurance Plan, from ABC Insurance Company. How Will, the Company ascertain the Claim for the Critical Illness (C.I.) Rider? Choose the Most Appropriate Option.
• What was the Primary Argument, behind "Buy Term Assurance and Invest the Difference, Else-Where"? Choose the Most Appropriate Option.
• Non-Traditional Life Assurance Products satisfy a Certain Motive of Many Investors. Select the Most Appropriate Option.
• Name the Policy, that combines Pure Life Assurance with a Savings-Element. If the Life-Assured lives upto Some Specified Time, then He or She receives the Policy's Face-Value.
• Name the Public Sector Life Assurance Company, formed as a Result of Nationalisation of Life Assurance in India.
• How Would You Describe the Agreement between the Insurer and the Insured? Choose the Most Appropriate Option.
• Describe an Asset, in General. Choose the Most Appropriate Option.