GLO_CWM_LVL_1 Exam Question 81

Sunil, aged 33 years, is having a policy of Rs. 1 Lac sum assured and is paying premium of Rs. 1,800/- for the last 10 years. The cash surrender value of this policy is at the end of previous year was Rs. 20,000. It is estimated that by this year end, the cash surrender value of this policy would be Rs. 22,900.
There is another term insurance of sum assured of Rs. 80,000 costs Rs. 300/- per annum which is available to him . If rate of interest is 6%, then first calculate the CPT of existing and new policy respectively and then advise Sunil if it is better to continue this policy or to discontinue it?
  • GLO_CWM_LVL_1 Exam Question 82

    Samantha celebrated her 21st birthday today, her father gave her Rs. 6,25,000/- which is deposited in a account that pays a ROI of 12.25% p.a. compounded monthly. If she wants to withdraw Rs. 7,50,000 on her
    31st. Birthday and balance on her 41stBirthday. How much can she withdraw on her 41st. birthday.?
  • GLO_CWM_LVL_1 Exam Question 83

    In addition to the contribution employer has to pay ______________% of wages as administration charges.
  • GLO_CWM_LVL_1 Exam Question 84

    Which of the following is true of Reverse Repo rate?
  • GLO_CWM_LVL_1 Exam Question 85

    Which of the is/are not the risk management technique in the old paradigm of Life Cycle Finance?
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