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AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 47 Discussion

Calculate the Paid up Value ( PV) under a policy with the following particulars:Consolidated Reversionary Bonus declared by the insurer from March, 1990 to March 2006 is 550/- per thousand sum assured. Bonus declared for the year ending March 2007 is @ Rs. 70/- per thousand.
C) Rs. 33,500
A) Rs. 19,750
B) Rs. 18,000
D) Rs. 31,750

AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 47 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 47
Topic #: 8
[All GLO_CWM_LVL_1 Questions]

Calculate the Paid up Value ( PV) under a policy with the following particulars:

Consolidated Reversionary Bonus declared by the insurer from March, 1990 to March 2006 is 550/- per thousand sum assured. Bonus declared for the year ending March 2007 is @ Rs. 70/- per thousand.

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Suggested Answer: C

by Gracia at Jul 22, 2022, 11:35 PM

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Zona
10 months ago
Not sure about those calculations, seems off to me.
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Lina
10 months ago
That's a lot of bonus! Surprised it adds up to that much.
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Mila
11 months ago
Wait, how did you get that? I thought it was A.
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Shay
11 months ago
I think the answer is definitely D, looks right to me!
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Mi
11 months ago
The total bonus is 550 + 70 = 620 per thousand.
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Luz
11 months ago
I think the consolidated bonus is a key part of the calculation, but I’m a bit confused about how to incorporate the recent bonus declared for 2007.
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Stefanie
11 months ago
I feel like I might be mixing up the total sum assured with the bonus rates. I hope I can remember the right formula for this.
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Kaitlyn
11 months ago
I remember a similar question where we had to calculate the Paid up Value based on different bonus rates. I think we need to sum the bonuses for each period.
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Carmela
11 months ago
I think the bonus calculation is crucial here, but I'm not entirely sure how to apply the rates for each year correctly.
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Royal
11 months ago
I think I can handle this one. The Console tab has a lot of different components, but I'm familiar with most of them.
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Fannie
11 months ago
Okay, I've got this. CIFS and NFS are the two file protocols used in HPE StoreOnce environments. I'm confident in those choices.
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Beatriz
11 months ago
I'm a bit confused on this one. The wording doesn't seem to clearly match any of the process groups. I'll have to review my notes and try to reason through the best answer.
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Madelyn
12 months ago
The question mentions the "ACI APIC API inspector," so I'm guessing the default format is likely one of the common web API response formats like JSON or XML. I'll try option B.
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