For each of the following multiple choice questions, choose the most appropriate answer :
1. In an MWP policy, the beneficiary under the plan, other than wife can be :
A. Ex wife
B. Siblings
C. Parents
D. Children
2. Margin money is built up by investing in schemes to buy :
A. Car insurance
B. Property
C. Insurance
D. Marriage venue
3. Under the IRDA guidelines for Claim settlement, any queries or additional documents can be demanded from the claimant within:
A. 5 days from the receipt of claim
B. 10 days from the receipt of claim
C. 15 days from the receipt of claim
D. 20 days from the receipt of claim
4. Ramesh is brother of Rakesh. In which circumstances can Rakesh propose policy on Ramesh's life
A. If Ramesh owes him money
B. If Ramesh gives declaration
C. If Ramesh proves that he needs the money
D. If ramesh wants to invest in his brother's name
5. Attestation on the policy requires signature of
A. Agent
B. Insurance company's authorized official
C. Nominee
D. Appointee
6. Legislation gives which body the power to specify a code of conduct for surveyors and loss assessors?
A. Institute of Insurance and Risk Management
B. Insurance Regulatory and Development Authority
C. Life Insurance Council
D. Securities and Exchange Board of India
7. Who gives grant to IRDA?
A. Life Insurance of India
B. Central government
C. Insurance Institute of India
D. All of these
8. Dctarification of TAC will help :
A. Pricing can be decided based upon risk assessment by insurer
B. Reduce the pricing
C. Increase pricing
D. Pricing as per the rnarket trend
9. Job of a nodal officer of insurance company involves :
A. Addressing customer grievances
B. Deciding, the premium to be charged
C. Imparting training
D. Looking after sales
10. Principle of utmost good faith will operate in existing policy
A. Every time premium is paid
B. If the policy has lapsed and it has to be revive
C. If the insured person falls sick and is admitted to hospital
D. If the insured person changes his job
11. Apart from the salary level, what other key feature of Alok's job is likely to have a major impact on the level of his pension, life insurance and health insurance needs?
A. Whether the job is office or field-based
B. The normal retirement age in relation to the job
C. Whether the job is in the public or private sector
D. Whether the job is manual or non-manual
12. After submission of all documents and papers in case of death claim, the proper the proper identification of the payee cannot be done due to some reason. After how many days the bank intercst is payable to the payee?
A. 15
B. 10
C. 30
D. 180
13. customer receives automatic payments twice in gap of 5 years in his policy and after 1 year, on his death his nominee receives entire amount again. Which policy do you think he has?
A. Endownient
B. Money Back
C. Term Plan
D. Annuity
14. The need for the Health Insurance plans is of more relevance to the self employed than to the person of Public Sector because :
A. The Public sector employee can get the funds anytime
B. The Public sector employee get many benefits from their organization
C. The self employed is more prone to the medical problems
D. The dependency on the self employed of the whole family is more
15. In the sales illustration, the reduction of the actual benefit amount is mainly due to deduction of :
A. Commission
B. Charges
C. Non guaranteed benefits
D. Reversionary Bonus
16. Sahil & Vijay buy an insurance plan for same sum assured, but only Vijay was called for medical examination.Why?
A. Vijay is younger than Sahil
B. Vijay is older than Sahil
C. Sahil has Kids & Vijay has no kids
D. Sahil is self employed
17. The policy is of term 30 years. For how many years maximum lien can be applied?
A. 5
B. 10
C. 15
D. 20
18. What is the main objective of taking the life insurance policy?
A. Tax benefit
B. Savings
C. Investment
D. Protection
19. A valid claim is delayed bv the insurer. The interest for the same will have to be paid by the Insurance company after how many days from the date of admission of the claim?
A. 10 days
B. 20 days
C. 30 days
D. 60 days
20. What key event is most likely to prevent insurers from ensuring that each insured person brings a fair premium to the pool for the risk presented?
A. A fraudulent claim
B. A policy assignment
C. A steep rise in inflation
D. A sudden illness
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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