Solution:
Standalone companies are specifically barred from covering rural masses. Standalone companies are involved in government schemes to provide insurance to rural masses.

Solution:
A proposer with many dependents taking insurance is not a moral hazard. Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. It arises when both the parties have incomplete information about each other.

Solution:
Judgement & Numerical are the 2 methods of underwriting. Judgement Method: Under this methods, subjective judgement is used. Numerical Method: Under this method underwriting assign positive rating points for all negative or adverse factors.

Solution:
The major appeal for non-traditional products was in terms of Inflation beating returns, Direct linkage with investment gains and Flexibility & Higher surrender value.

Solution:
Sharing the losses of few by many best describes the process of insurance.

Solution:
Insurance reduces burdens and Insurance is a system of mutual support. Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

Solution:
A loan-cum revival would mean Granting a loan and Revival of the policy. If a policy acquires the surrender value, the date of the policy can be revived by a policy loan. The loan amount will be calculated and treated as premiums paid upto the date of the revival. If a loan amount is more than the required revival, the excess will be paid to the policyholder.