For each of the following multiple choice questions, choose the most appropriate answer :
1. What is the ceiling of tax exemption under section 80C of Income Tax Act?
A. 1 lakh
B. 1.5 lakhs
C. 2 lakhs
D. 3 lakhs
2. Rajan takes a family floater health insurance of Rs 3 lacs from Insurance Company X and has health insurance of Rs 2 lacs from another Insurance Company Y from his employer's side. He suffers from heart attack and has a total bill of Rs 4 lacs. He can claim from :
A. Company X Only
B. Company Y Only
C. Both the companys to the extent of Rs 4 Lacs
D. Both the companys to the extent of Rs 5 Lacs
3. In which section of Policy document, Information about the location of the insurance Ombudsman had written?
A. Operative clause
B. Attestation
C. Information statement
D. Endorsements
4. If the claim is delayed by an insurance company in spite of customer depositing all necessary papcrs within 15 days as required, then the company needs to pay interest on that. If prevailing bank rate is 5.3% then the interest rate payable to customer will be :
A. 7.3%
B. 6.3%
C. 5.3%
D. No interest payable
5. Rahul is employed by Sunny. In respect of this employment, Rahul automatically has insurable interest in Sunny life up to what limit, if any?
A. Rahul monthly salary
B. Rahul pension fund value
C. Sunnyâ€'s annual profit
D. There is no limit
6. An agent does fact finding for a married couple with 9 year old chilThe agent identifies that they need Life insurance Protection, Child Insurance, Pension plan and health Insurance. Which of them should be given least preference?
A. Child Plan
B. Pension Plan
C. Health plan
D. Life insurance
7. An individual is said to be competent to enter into contract if he is
A. 18 year old
B. 21 year old
C. 23 year old
D. 25 year old
8. If Rahul buys a joint life plan along with his wife, then according to the IRDA's code of conduct for agents, the agent has to act in the interest of :
A. Rahul only
B. Rahul and his wife
C. Rahul and insurer
D. Rahul, his wife and insurer
9. In a pension plan illustration what is the part which shows the benefit for an annuitant
A. Insurance coverage
B. Annuity part
C. Guaianteed and non guaranteed part
D. Vesting age
10. Nitin is ready to submit his proposal for insurance after the need analysis. When his agent asks him to fill in the proposal form, seeing so many questions bothers him. What should bc the agent's most appropriate approach in this case?
A. The agent should note down all personal information regarding Nitin on paper and let him only sign the proposal form
B. The agent should explain that it is important for the underwriting purpose to provide all necessary information mentioned in the proposal forin and educate the proposer to fill in the correct details
C. The agent should fill in the form in presence of the proposer after explaining all the questions and then make the proposer sign on the form
D. The agent can ask somebody from his family to fill in the correct details and sign on behalf of Nitin
11. For the customer whose claim has been refused by the company, the three places where the customer may follow up are - Ornbudsman, IRDA Customer Grievance Cell, and :
A. Consumer forum
B. SEBI
C. Life Insurance Council
D. District Congress Committee
12. When can an insurance agent suggest a Young Married Couple to purchase a ULIP policy?
A. Young Married Couple with single income no children
B. Young Married Couple with double income no children
C. Young Married Couple with children and double income
D. Young Married Couple with children and single income
13. Shyam and his wife are being advised to have an estate planning after their fact finding. In what stage of life cycle stage they may be :
A. Young Married
B. Young Married with children
C. Married with older children
D. Retired
14. Ram wants to buy plan of insurance from XYZ insurance company. He was asked to furnish the name of "appointee" in the proposal form. Which reason would have lead to the same?
A. He is buying the plan on his own life
B. He is buying the plan for his wife
C. The nominee must be minor in this case
D. Insurer's discretion
15. In case of presumption of death :
A. Not necessary to pay premium until court decree
B. Necessary to pay premium until court decree
C. Claim not admissible
D. None of these
16. 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
17. Vikas a 30 years unmarried young has invested a pretty good amount in shares. Now hc is shifting his investments Gold ETF. Which of the following is the most likely motive of in doing so?
A. He is interested in savings only
B. He prefers both regular savings as well as capital appreciation
C. He prefers capital growth only
D. Shortly he is going to marry and needs gold for his would be wife
18. Mortality rate helps to identify
A. Peril
B. Level of Risk
C. Uncertainty
D. Hazard
19. A widow apphes for a clairn that gets rejecteApart from approaching the ornbudsman she can approach :
A. IRDA Authorized Lawyer
B. Consumer forum
C. General Insurance Council
D. Reinsurer
20. 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
Electrician Books
Rs405 |
Rs405 |
Rs270 |
Rs278 |
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Rs270 |
Rs279 |
Rs315 |
Rs315 |
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Rs216 |
Rs225 |
Rs180 |
Rs180 |
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Rs315 |
Rs279 |
Rs342 |
Rs279 |
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Rs505 |
Rs536 |
Rs217 |
Rs250 |
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Rs258 |
Rs299 |
Rs88 |
Rs101 |
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Rs387 |
Rs315 |
Rs360 |
Rs270 |
Rs245 |
Rs378 |
Rs459 |
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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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