Q.1
Surplus not distributed (retained earnings) could contribute to
Q.2
As per IRDA, all universal life products are known as
Q.3
IRDA has implemented guidelines on persistency from
Q.4
Which of the following statements in respect of riders is incorrect?
Q.5
Distribution of terminal bonuses is a way out for insurance companies to
Q.6
Unit Linked policy scores over Traditional plan with respect to
Q.7
If the claim could not be settled for want of proper identification of a payee, the insurer shall pay interest at the rate of
Q.8
What is the primary purpose of a life insurance product?
Q.9
Who among the following is best advised to purchase a term plan?
Q.10
What does inter-temporal allocation of resources refer to?
Q.11
Which among the following is a limitation of traditional life insurance products?
Q.12
Which of the below statement is true regarding ULIP’s?
Q.13
In context of insurance, ‘risk retention’ indicates a situation where
Q.14
Occurrence of _________ has to be _________ and not a _________ of the insured person.
Q.15
In this method of underwriting, the underwriter gives rating points for all the negative or adverse factors, totals them and decides extra mortality rating. Which method are we talking about?
Q.16
Which of the following are true with regards to MWP Act cases?
I: Death claims are settled in favour of nominees.
II: Death claims are settled in favour of trustees.
Q.17
Which among the following is true regarding life insurance contracts?
Q.18
Which of the below is not a valid consideration for a contract?
Q.19
Which of the below can be categorised under wealth accumulation products?
Q.20
_________ is a rise in the general level of prices of goods and services in an economy over a period of time.
Q.21
Which of the below is not a strategy to maximise discretionary income?
Q.22
Which act speaks about presumption of death?
Q.23
Which among the following is a wealth accumulation product?
Q.24
Which of the below statement is incorrect with regards to decreasing term assurance?
Q.25
Which of the below alteration will be permitted by an insurance company?
Q.26
Which of the below is the most appropriate explanation for the fact that young people are charged lesser life insurance premium as compared to old people?
Q.27
Which of the below is not an advantage of cash value insurance contracts?
Q.28
Which of the below party is not eligible to enter into a life insurance contract?
Q.29
Find out the proximate cause for death in the following scenario?
Ajay falls off a horse and breaks his back. He lies there in a pool of water and contracts pneumonia. He is admitted to the hospital and dies because of pneumonia.
Q.30
An individual with an aggressive risk profile is likely to follow wealth _________ investment style.
Q.31
_________ life insurance pays off a policyholder's mortgage in the event of the person's death.
Q.32
Which of the below option is correct with regards to a term insurance plan?
Q.33
Savings can be considered as a composite of two decisions. Choose them from the list below.
Q.34
What is the relation between investment horizon and returns?
Q.35
Which of the below is an advantage of cash value insurance contracts?
Q.36
Which element of a valid contract deals with premium?
Q.37
_________ involves pressure applied through criminal means.
Q.38
Which of the below death claim will be treated as an early death claim?
Q.39
Given below are some events that will trigger survival claims. Identify which of the below statement is incorrect?
Q.40
Which among the following can be categorised under transactional products?
Q.41
Which among the following can be categorised under contingency products?
Q.42
Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy which of the below will be paid?
Q.43
“A clause precluding death due to pregnancy for a lady who is expecting at the time of writing the contract” will be included in which section of a standard policy document?
Q.44
Which of the below statement is false with regards to nomination?
Q.45
When is a policy deemed to be lapsed?
Q.46
Applicant shall complete _________ hours training to become an insurance agent.
Q.47
Identify the statement which is not correct. Insurance agent should _________.
Q.48
Which of the below insurance proposal is not likely to qualify under non-medical underwriting?
Q.49
Sheena is suffering from acute diabetes. She has applied for an insurance plan. In this case the underwriter is most likely to use _________ for underwriting. Choose the most appropriate option.
Q.50
Which of the following is not an underwriting decision?
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