Page 90 - Life Insurance Today January-June 2020

Glossary & Poll

Life Insurance Glossary Poll of the Month

Do you think the direct sales force must use
Financial planning technology to leverage sales.
It covers the essential elements of a person's financial affairs
and is aimed at achieving a person's financial goals. " Yes No Can’t Say

Fixed deposit Results of Poll in our July-December 2019 Issue
Funds placed on deposit in a bank, company or post office at
Do you think Motor Insurance Portfolio is taking
a fixed rate of interest. a severe hit due to fall in car sales
Yes- 100 % No- 00 % Can’t Say- 00 %
Fixed rate loan
Interest rate charged on a loan that remains fixed during the You may send your views to :
tenure of the loan. Poll Contest
Life Insurance Today.

Fixed-income investment 25, Baranashi Ghosh Street, Kolkata-7, India
Tel : 2218-4184, Fax : 033-22736612 SMS : 9830171022
Any investment that provides a stated percentage of value,
say 6 per cent, on the invested amount.
Appearing in Licentiate Examination
(As per New Syllabus)
Floating rate loan
Presenting for the first time in India a reliable and
Interest rate charged on a loan benchmarked to a particular
tested coaching solution from the house of The
lending rate. The rate gets adjusted during the tenure of the Insurance Times, a renowned name in the field of
loan as the benchmark interest rate changes. insurance education. After closely studying the needs
of students appearing for the examinations of
Grace period Insurance Institute of India our research team has
prepared this excellent set of guide materials. This
Period of time after the due date of a premium, during which
book will cover objective type questions and answers
the policy remains in force.
as per current syllabus and shall include questions of
last 10 previous terms (only objective questions)
Graded premium policy
Subjects :
A type of whole life policy designed for people who want Life Insurance General Insurance
more life coverage than they can currently afford. They pay 01 Principles of Insurance 01 Principles of Insurance
a lower premium rate that increases gradually over the first 02 Practice of Life Assurance 11 Practice of General Insurance
14 Regulations on Insurance 14 Regulations on Insurance
three to five years and then remains constant over the life of
the policy. Cost: `` `` ` 750 each book including delivery charges
Licentiate Exam Mock Test
Group insurance Insurance Training Centre, wing of The Insurance
An insurance policy taken out by employers to provide life Times is pleased to announce the launch of online
Mock Tests for Licentiate exams. Each course contains
cover to their employees. Usually the cheapest form of in-
mock test for each chapter followed by a final Mock
surance.
Test covering all the chapters. After completing this
online you can assess your level of preparedness
Guaranteed additions and if required you can brush up again in order to
The amount paid as returns in assured-return insurance plans. score good marks. `` `` `300/- each paper.
Guaranteed additions are expressed as a percentage of the
Combo Offer : 3 Books plus Online Mock Test for 3
sum assured, with the amount payable being stated by the papers worth `` `` `900/- total value `` `` `2900/- :
insurer at the outset. Pay only `` `` `1800/-

90 January - June 2020 Life Insurance Today