Page 90 - Life Insurance Today July - December 2020

Glossary & Poll

Life Insurance Glossary Poll of the Month

Do you think Bite sized insurance products
Hospital cash benefit rider
will rule the future insurance market
A rider that provides cover for hospitalization.
Incontestability clause " Yes No Can’t Say
A clause in the policy providing that if a policy has been in
effect for a given length of time, the insurer shall not be able Results of Poll in our January - June 2020 Issue
to contest the statements contained in the application. Do you think the direct sales force must use
technology to leverage sales.
Immediate annuity
An annuity that starts payments immediately after, or soon Yes- 80 % No- 20 % Can’t Say- 00 %
after, the first premium is paid.
You may send your views to :
Poll Contest
Index fund
Life Insurance Today.
A scheme whose portfolio mirrors the progress of a particular 25, Baranashi Ghosh Street, Kolkata-7, India
index, both in terms of composition and individual stock Tel : 2218-4184, Fax : 033-22736612 SMS : 9830171022
weight ages. It's a passive investment option, as a fund's
performance will mimic the index concerned, barring a minor Appearing in Licentiate Examination
tracking error.
(As per New Syllabus)
Insurability Presenting for the first time in India a reliable and
All conditions pertaining to individuals that affect their health, tested coaching solution from the house of The
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susceptibility to injury and life expectancy; an individual's risk
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profile.
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Investment risks
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The risks that your investments face. These include the risk
book will cover objective type questions and answers
of interest rate fluctuations impacting your debt investments as per current syllabus and shall include questions of
or the prices of equities going down. last 10 previous terms (only objective questions)
Investments Subjects :
Life Insurance General Insurance
Assets like fixed deposits, post office savings, bonds and stocks 01 Principles of Insurance 01 Principles of Insurance
that are acquired for the purpose of earning a return. 02 Practice of Life Assurance 11 Practice of General Insurance
14 Regulations on Insurance 14 Regulations on Insurance
Lapse
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Termination of a policy upon the policy owner's failure to pay
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Insurance Training Centre, wing of The Insurance
Level term cover rider Times is pleased to announce the launch of online
A rider that increases the life cover in non-term plans, up to Mock Tests for Licentiate exams. Each course contains
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An annuity that makes regular income payments till the
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90 July - December 2020 Life Insurance Today