For each of the following multiple choice questions, choose the most appropriate answer :
1. Certificate of village panchayat
A. Will be considered standard age proof
B. Will be considered as nonstandard ageproof
C. Will not be accepted
D. Depends upon population of the place
2. The sole focus during a client's fact-find session was healthcare requirements and estate planning. Which main life stage is he most likely to fall into?
A. Young married
B. Young married with children
C. Pre-retirement
D. Retirement
3. Ajay has taken a term Insurance Policy with a Sum Assured of Rs. 4 lacs. As per IRDA Regulations on riders how much maximum sum assured he can take for Critical illness rider :
A. 2 Lac
B. 1 Lac
C. 4 Lac
D. 6 Lac
4. Insurance companies are required to honour the awards passed by the Insurance ombudsman within how many days?
A. 10 days
B. 15 days
C. 20 days
D. 25 days
5. National Insurance academy has the following main function :
A. Calculating premium
B. Interact with the government
C. Training
D. Mortality analysis
6. Rajan wants to make monthly investment for his retirement but then decided to postpone for 10 years, He is advised that contribution would then be 120%. What is the probable reason?
A. Interest
B. Compounding
C. Taxation
D. Lockin
7. As per IRDA Regulations, in how many days an insurer has to settle the claim?
A. 15
B. 30
C. 45
D. 60
8. For annuity plans. before receiving regular/periodic annuity payments, the individual can make a lump sum withdrawal. This is known as commutation. Up to what proportion of the accumulated fund can be withdrawn?
A. The entire fund can be withdrawn
B. Only half of the fund can be withdrawn
C. Only one third of the fund can be withdrawn
D. Only one fourth of the fund can be withdrawn
9. For assessing the risk of a group health insurance policy, which of the following information is the most critical :
A. Group lifestyle
B. Employees
C. Age of the group members
D. Medical history of group members
10. In life insurance business if a person is working in calculating premium rates of insurance products, he is most likely a member of :
A. Institute of Actuaries in India
B. Acturial Society of India
C. Institute of Chartered Accounts
D. All of these
11. Mr Kunal used to participate in car race. While taking up the Insurance policy he disclosed this information. What kind of hazard does it refers to?
A. Physical hazard
B. Fraudulent representation
C. Moral hazard
D. Peril
12. Law of large numbers is worked out by which of the following
A. Pooling of risk
B. Maintaining insurable interest
C. With utmost good faith
D. Randomness
13. Which of the following falls under voidable contract?
A. Misrepresentation
B. Lack of insurable interest
C. Fraud
D. None of the above
14. Naveen is addressing his income needs by investing directly in corporate bonds. In what form will he receive this income?
A. Annuity instalments
B. Dividend payments
C. Interest payments
D. Rental payments
15. Mr. Y has taken ULIP plan. When will the nomination cease?
A. Assignment
B. Switching
C. Redirection
D. Withdrawal
16. In a fact find process, the product recommended by an agent should depend on:
A. The need
B. The earning potential
C. Premium paying capacity
D. None of the above
17. If Insurable interest does not exists at the time of inception of the life insurance policy then, life insurance contract is
A. Voidable
B. Invalid
C. Valid
D. Null & voidable
18. NIA's main work is :
A. Calculating premium
B. Conducting Exanis
C. Training
D. Certification
19. Nishit is an insurance agent. He was in process of selling Unit Linked Insurance Plan to his customer. The Customer has asked one technical question to him for which he did NOT know the answer, According to the best practices, what should Nishit do :
A. Decline to answer
B. Ask customer to refer product booklet
C. Refer matter to Supervisor
D. Ask customer to give question in writing
20. As per Regulation foi- protection of Policyholder's interest 2002 (IRDA), Which insurer will have a grievance redressal System?
A. Some specified insurers
B. Insurers without ombudsman
C. All insurers
D. It is optional
Electrician Books
Rs405 |
Rs405 |
Rs270 |
Rs278 |
|
Rs270 |
Rs279 |
Rs315 |
Rs315 |
|
Rs216 |
Rs225 |
Rs180 |
Rs180 |
|
Rs315 |
Rs279 |
Rs342 |
Rs279 |
|
Rs505 |
Rs536 |
Rs217 |
Rs250 |
|
Rs258 |
Rs299 |
Rs88 |
Rs101 |
|
Rs387 |
Rs315 |
Rs360 |
Rs270 |
Rs245 |
Rs378 |
Rs459 |
 |
Rs187 |
Rs136 |
Rs299 |
Rs266 |
Rs180 |
Rs201 |
Rs39 |
Rs323 |
Rs360 |
Rs260 |
Rs288 |
Rs270 |
Rs323 |
Rs215 |
Rs243 |
Rs160 |
Rs225 |
Rs387 |
Rs315 |
Rs359 |
Rs288 |
Rs270 |
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