For each of the following multiple choice questions, choose the most appropriate answer :
1. In order to fulfil the ˜know your customer' procedures, at what stage in the financial planning process is the insurance agent most likely to request a copy of the customer's photograph?
A. At the end of the fact-find meeting
B. At the end of the presentation meeting
C. As soon as the application is accepted by the insurer
D. As soon as the insurer is ready to issue the policy document
2. 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
3. In cumulative bank deposit the interest is normally compounded :
A. Monthly
B. Quarterly
C. Half yearly
D. Annually
4. In normal claim settlement process, if death claim arises within few days of issuing the policy, on priority, the company would check the following :
A. Age proof
B. Material facts
C. FIR
D. FPR
5. Non Government Organizations (NGOs) are very instrumental in promoting
A. Link between clients and agents
B. Acts in favour of Insurer
C. Awareness about Insurance
D. Link between customer and company
6. Akshat and Nitin both have invested in the same pension plan, with same Premium but at end, the Corpus Of Akshat is more than Nitin. The reason is :
A. Akshat is younger than Nitin
B. Akshat has no health problem
C. Akshat started investing earlier
D. Nitin started investing earlier
7. 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
8. 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
9. Zainegot insurance done for Jaismeet. Who would zainebe referred to as:
A. Life Insured
B. Proposer
C. Customer
D. Insurer
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. A policyholder asked his insurance agent for guidance on submitting a claim for the maturity benefit under his life insurance policy. Due to pressure of work, the agent declined to assist. Consequently, this action is deemed to be a breach of the
A. General Insurance Council's guidelines
B. Insurance Regulatory and Development Authority's Code of Conduct
C. Insurance Ombudsman's protocols
D. Insurance Brokers Association of India's membership rules
12. A person aged 28 yrs is looking for Term plan, Health plan, Endowment plan and Child plan. Which plan is the most Important for him?
A. Health Plan
B. Endowment Plan
C. Child Plan
D. Term Plan
13. Prashant buys an Endowment Plan with a sum assured of Rs100,000 and wants to make use of tax benefit under the policy for whole SHow much premium would help him avail this benefit?
A. Less than 10,000
B. More than 10,000
C. Less than 20,000
D. More than 20,000
14. 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
15. During a fact finding process the need analyzed were income replacement and children's education. But the customer insists on only a child plan for the time being and asks the agent to give him a child plan. The agent should :
A. Do the fact finding exercise again
B. Insist with the client to take a term plan
C. Give a child plan and revisit the client on a later date
D. Give the lead to another agent
16. If a license has been cancelled and agent disqualified by a designated authority in 2010 then in which year can the same person apply for fresh license?
A. 2013
B. 2015
C. 2017
D. 2020
17. Kabir wants to invest in shares and golWhat benefits would he get?
A. Capital appreciation
B. Interest earning
C. Dividend earning
D. ncome and appreciation both
18. Interim policy loading is added for:
A. Administrative expense
B. Mortality
C. Bonus
D. Morbidity
19. 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
20. After doing the need analysis of the client, the agent advised the client to opt for TROP product. But the client refuseAccording to ethical business practices what should the agent do?
A. Enquire about the refusal from the client
B. Suggest an alternative plan
C. Pass on to a senior
D. Pass on to the other agent
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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