For each of the following multiple choice questions, choose the most appropriate answer :
1. Anju is married with Akhilesh, they want to secure their unearned income, which plan should be suggested to protect income :
A. Endowment Plan
B. Term Plan
C. Children Plan
D. Limited Pay Plan
2. Direct Marketing channel includes
A. Advertisement in newspaper
B. Bancassurance
C. Composite Broker
D. At customer's place
3. Rajiv has a pension plan which his employer has bought for him under employer employee relationship. The return on the investment is shown in an illustration. This depicts :
A. Employer employee benefits
B. Guaranteed and non guaranteed
C. Returns on one investment
D. Bonus and pension
4. Mr Anwar has taken a Term Insurance Policy from Insurance Company. A term insurance is basically what kind of contract?
A. Indemnity Contract
B. Insurance Contract
C. Both these
D. Neither of these
5. If customer has mentioned he is drinker in the proposal form, the insurance company can exclude this hazard and mention it in which part of the policy document?
A. Provisio
B. Endorsements
C. Operative clause
D. Terms and Conditions
6. 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
7. If we hold 100 units in gold ETF, how much grams we have in physical :
A. 5 or 10 grams
B. 10 or 15 grams
C. 15 or 25 grams
D. 50 or 100 grams
8. The insurer rejects proposal and sends direct letter to the proposer, copy of the letter is also sent to the agent. What appropriate action would the agent take?
A. Contact the proposer and discuss the reasons for rejection
B. Fill new proposal form
C. Advise the proposer to contact the ombudsman
D. Advise the proposer to take insurance from another company
9. customer who has taken whole life policy has to renew the insurable interest in the policy at the following times
A. Once he attains the age of 70
B. Once the policy has been in force for term of 30 years
C. At the time of revival of the policy
D. When there is change in the nomince
10. Rajat and Ramesh buy a health plan witli same premium but Rajat gets more tax advantage. The reason could be :
A. Rajat is more than 65 years of age and Ramesh is less than 65
B. RaJat is an NRI and Ramesh is not
C. Rajat has better healtli than Ramesh
D. Ramesh is richer than Rajat
11. 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
12. A customer gets periodic benefits without any claim and then when he dies during the term of the policy. His nominee gets the sum insured. What type of policy is this ?
A. Endowment
B. Term
C. Money back
D. Whole life
13. Harish wants to buy an insurance plan for his brother Rakesh, the factor which shows the principle of Insurable interest, makes it possible, if:
A. Raksh owes money to Harish
B. Harish will be adversely affected financially due to death of Rakesh
C. Rakesh is older than Harish
D. Rakesh signed financial disclaimer about his liabilities
14. What normally happens to the sum insured under a life insurance policy once the period of the lien expires?
A. It reduces
B. It increases
C. It is temporarily suspended
D. It is replaced by a newly-underwritten sum insured
15. An investor has taken G-securities by paying lump sum investment. Apart from periodical interest, what would he get at the end of the term?
A. Discounted value with interest
B. Principal amount
C. Discounted value with persistency bonus
D. None of these
16. If a person gets involved in a dangerous sport activity, before the issuance of policy, which statement is true in terms of Pcril & Hazard?
A. Peril will increase the risk of Physical Hazard
B. Physical hazard will increase the risk of Peril
C. Peril will reduce the risk of Physical Hazard
D. Physical Hazard will reduce the risk of Peril
17. Based on which criteria the qualification of agent is determined?
A. Address of the agent
B. Domicile status
C. City/town of appointment
D. Caste
18. Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?
A. 2.5%
B. 3.0%
C. 5.0%
D. 7.5%
19. If the client does not wish to proceed with the recommendations right at the moment, the agent should :
A. Insist on taking the product right away
B. Should ask for the reason for not going with the recommendation
C. Should ask for a future date from the client
D. Should review once again
20. For an insurance plan of term 20 years, when will the persistency bonus be paid?
A. After each year
B. After 5 years
C. After 10 years
D. After 20years
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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