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AAFM CWM_LEVEL_2 Exam - Topic 5 Question 11 Discussion

Section C (4 Mark)Read the senario and answer to the question.Nimita wants to know if she were to meet with an accident and get permanent disability in the third year of her Term Insurance policy, what amount of the premium due in the fourth year would be payable by her if the premium being paid towards the policy is Rs. 15,000 with sum assured of Rs. 50 lakh?
A) Rs. 15,000
B) Rs. 12,000
C) Rs. 7,500
D) Nil

AAFM CWM_LEVEL_2 Exam - Topic 5 Question 11 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 11
Topic #: 5
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Nimita wants to know if she were to meet with an accident and get permanent disability in the third year of her Term Insurance policy, what amount of the premium due in the fourth year would be payable by her if the premium being paid towards the policy is Rs. 15,000 with sum assured of Rs. 50 lakh?

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Suggested Answer: A

by Joanna at May 09, 2022, 09:51 AM

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Teresita
7 months ago
Totally agree, it makes sense to waive the premium in such cases!
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Loreta
8 months ago
If she gets permanently disabled, she might not have to pay the premium.
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Lura
8 months ago
The premium is Rs. 15,000 per year.
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Terrilyn
8 months ago
}
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Susana
8 months ago
}
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Cyril
8 months ago
"There was a similar question in the mock where Rs 15,000 premium and Rs 50 lakh SA, answer chosen was Nil."
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Jolanda
8 months ago
"Candidate 3",
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Louis
9 months ago
{
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Cassi
9 months ago
Really? No premium at all? That sounds too good to be true.
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William
9 months ago
]
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Lashaun
9 months ago
So, is it option D then? No payment needed?
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Sena
10 months ago
},
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Cyril
10 months ago
"But I'm not 100% sure if the waiver starts only after the event is proven, or from the next policy year."
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Jolanda
10 months ago
"Candidate 2",
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Bernardine
10 months ago
{
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Julene
10 months ago
},
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Cyril
10 months ago
"Was practicing premium waiver scenarios. If disability is permanent in year 3, the fourth-year premium is typically waived."
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Jolanda
11 months ago
"Candidate 1",
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Sabra
11 months ago
{
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Pearline
11 months ago
[
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Alexia
11 months ago
{
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Elliott
11 months ago
Hmm, this looks like a tricky one. I'll need to carefully read through the SQL statements and think about how they interact with each other.
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Sherita
11 months ago
I'm a little confused by the differences between the options. I'll need to review the details of each one to decide which best meets the requirements.
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Cheryll
11 months ago
Okay, I've got this. Resource planning is part of the supply planning phase, where you match supply capacity to the forecasted demand. That's got to be the right answer here.
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Sheron
11 months ago
I'm a bit confused by the wording of this question. I'll need to re-read it a few times to make sure I understand the differences between the plan types before answering.
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Dawne
12 months ago
I think I need to check the Workflows since they might dictate how tasks and assignments are processed differently, right?
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