Que. 1 : The premium paid for whole life insurance is _____________ than the premium paid for term assurance.
1. Lower
2. Higher
3. Equal
4. Substantially higher
Que. 2 : Which among the following is an intangible product?
1. Life insurance
2. House
3. Car
4. Soap
Que. 3 : The ________ the premium paid by you towards your life insurance, the ________ will be the compensation paid to the beneficiary in the event of your death.
1. Higher, Lower
2. Faster, Slower
3. Lower, Higher
4. Higher, Higher
Que. 4 : Which of the below option is correct with regards to a term insurance plan?
1. There is no provision in a term insurance plans to convert it into a whole life insurance plan
2. All term insurance plans come with a built-in disability rider
3. Term insurance can be bought as a stand-alone policy as well as a rider with another policy
4. Term insurance plans come with life-long renewability option
Que. 5 : ___________ life insurance pays off a policyholder’s mortgage in the event of the person’s death.
1. Endowment
2. Whole
3. Term
4. Mortgage
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