Practice of Life Insurance

Across 11 chapters, every question reviewed and exam-aligned.

Tap a chapter to see what it covers.

1. 1Organisational Structure of a Life Insurance Company37 questions37▾

   How a life insurance company is organised, and the role, duties and pay of agents and other intermediaries.

2. 2Premiums and Bonuses37 questions37▾

   How premiums are built up, and how surplus and bonuses are worked out.

3. 3Plans of Life Insurance37 questions37▾

   The main types of life insurance plans and the needs each one meets.

4. 4Annuities37 questions37▾

   Annuities: how they give retirement income and the main types.

5. 5Group Insurance37 questions37▾

   Group insurance for employers, including gratuity and other employee benefit schemes.

6. 6Unit-Linked Life Insurance Products37 questions37▾

   Unit-linked plans (ULIPs): units, charges and fund values.

7. 7Applications and Acceptance36 questions36▾

   Proposals and acceptance: utmost good faith, insurable interest and how underwriters assess a proposal.

8. 8Policy Document37 questions37▾

   The policy document: its sections, conditions and privileges, and the standard format.

9. 9Payment of Premium, Surrender, Lapsed Policy and Revival37 questions37▾

   Paying premiums, lapse, surrender and revival of policies.

10. 10Assignment, Nomination, Loan and Foreclosure Under a Policy37 questions37▾

    Assignment, nomination, policy loans and foreclosure.

11. 11Policy Claims37 questions37▾

    Maturity and death claims, early claims, proof of title, presumption of death and rider benefits.