Which of the new guidelines for traditional products is not true?
A. For participating policies, bonus is linked to performance of the fund
B. Bonus once announced becomes a guarantee
C. Such a bonus is called Terminal Bonus
D. For Non-par policies, returns are disclosed at the beginning of the policy
Answer: Option C
Solution(By Examveda Team)
For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.Related Questions on Insurance
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