Micro Finance

1.All of the following is true regarding ULIPs EXCEPT:

Unit Holders acn choose between different kind of funds.

Life insurers provide Guarantee for all unit values.

Units may be purchased by payment of single premium or via regular premium payments. 

ULIP policy structure is transparent with regards to insurance expenses components.

2.Insurance business in India is regulated by which of the following authorities?

NFCG IRDA CII FICCI

3.“A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against” is technically known as

Death coverage Life Insurance Savings for future Provident Fund

4.As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?

Insurance for life Investment in Mutual Funds Self Help Groups Letter of Credit

5.Which of the following insurance plan is not launched by LIC?

Jeevan Abhaya Life Mahalife Gold Plan Child Career Plan Child Future Plan