Q751
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
AnswerD.
For Non-par policies, returns are disclosed at the beginning of the policy
Answer: Option C
Solution
Answer: Option C
Solution:
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.