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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option C

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.

Question posted by Examveda

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