AAFM Exam GLO_CWM_LVL_1 Topic 2 Question 97 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 97
Topic #: 2

Calculate the death claim amount if the assured dies in the 25th year of the policy. Money back policy with SA of Rs. 50000. Term is 25 years. Survival benefits of 10% each paid at the end of 5th , 10th, 15th, and 20th years. Accrued bonus of Rs. 500 per thousand of SA.Interim bonus of Rs. 75 per 1000 of SA.

A50000

B57500

C100000

D107500

Show Suggested Answer

Suggested Answer: D

by King at Jan 13, 2025, 08:13 PM

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Altha

3 days ago

I think the answer is B) 57500.

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Kenny

8 days ago

Hmm, I'm not sure about this one. I'm going to guess C just for the heck of it. Maybe the insurance company is feeling generous today!

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Yong

11 days ago

Wow, this is a tricky one! I'm going to go with B. The survival benefits and accrued bonus add up to 57,500, and that seems like the most logical answer.

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Aide

14 days ago

I think the answer is D. The survival benefits and accrued bonus seem to add up to 57,500, and the death claim would be the full sum assured of 50,000. Together, that makes 107,500.

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Magnolia

1 days ago

User 1

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