AAFM Chartered Trust & Estate Planner (CTEP) Certification Examination CTEP Dumps in PDF

Free AAFM CTEP Real Questions (page: 71)

As per Payment of Gratuity Act, Gratuity shall be payable to an employee after he has rendered continuous service for not less than __________

  1. 2 years
  2. 5 years
  3. 10 years
  4. 15 years

Answer(s): B



The maximum gratuity payable as per Payment of Gratuity Act is __________.

  1. Rs. 2,50,000
  2. Rs.3,00,000
  3. Rs. 10,00,000
  4. Rs.4,00,000

Answer(s): C



______________ does not divest the policy holder of his rights in the policy and he retains disposing power over it.

  1. Assignment
  2. Nomination
  3. Reinsurance
  4. Transferring

Answer(s): B



Section 45 of the Insurance Act,1938 places a check on the power of insurer to avoid life policy on the ground of innocent misrepresentation after the expiry of ____________ of the policy term

  1. Six month
  2. One year
  3. Two years
  4. Five years

Answer(s): C



Incase of Policies issued by the LIC, _______________ days of grace are allowed for monthly premiums.

  1. 7 days
  2. 10 days
  3. 15 days
  4. 20 days

Answer(s): C

Explanation:



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