Q.1
The major appeal for non-traditional products was in terms of
Q.2
Which was the major motive for people going for nontraditional products?
Q.3
Universal life insurance policy provides for partial withdrawals. This partial withdrawal was made from the policy’s _________
Q.4
In respect of Universal life insurance, which of the following statement is correct:-
Q.5
Pick out the incorrect statement.
Q.6
Insurance needed by a person can be determined by
Q.7
State the incorrect statement of the following ones.
Q.8
Which of the following statements is incorrect?
Q.9
Endowment assurance does not possess which of the following property?
Q.10
In traditional cash value policies, the policy reserve form part of a _________
Q.11
In Variable insurance policies, the policy reserve form part of a _________
Q.12
Universal life insurance is characterized by
Q.13
In Universal life products, larger the size of the premium,_________ the coverage provided and _________ the policy cash value.
Q.14
Under Universal life products, there was facility of completely flexible premiums after how many years?
Q.15
Which is not a capacity to enter into contract?
Q.16
As per IRDA, which of the following non-traditional products are permitted to be sold?
Q.17
State which of the following ones is a transactional product.
Q.18
Which of the new guidelines for traditional products is not true?
Q.19
The method in which Profits of the ins.co. could be shared in the form of dividends are
Q.20
With reference to Inflation, which of the following statement is not correct?
Q.21
Of late, changing lifestyles of people lead to more _________
Q.22
Endowment insurance is a combination of which of the following 2 features:-
Q.23
Which of the following statement is correct in respect of Endowment policy?
Q.24
Inter temporal allocation of resources means allocation of resources across _________
Q.25
In respect of Traditional cash value plans, which is incorrect:-
Q.26
Which is not a part of Cash planning exercise?
Q.27
Estate planning would take care of devolution of one’s estate soon after his
Q.28
Which of the following could be termed the need of an individual?
Q.29
Identify the correct statement from the following:-
Q.30
Which of the following could be classified as Nondisclosure?
Q.31
Which of the following could be termed Misrepresentation?
Q.32
Material facts are those that would help the insurer to decide :
Q.33
Which of the following is not a material fact?
Q.34
Non-traditional products are also known as
Q.35
If any condition is put by the Insurer then it is
Q.36
Which is the ‘consideration’ from the insurer in an insurance contract?
Q.37
Consent is not said to be free when it is caused by
Q.38
Which of the following process does not cover Estate planning?
Q.39
HLV concept helps to determine the _________ limit beyond which life insurance could be speculative.
Q.40
Life Insurance covers the risk of -
Q.41
Which is not a contract of indemnity?
Q.42
With increase in premium with age, healthy people tended to withdraw leaving unhealthy people. This lead to development of
Q.43
Which of the following is correct?
A. Life insurance is a long term contract
B. General insurance is a short term contract
Q.44
Which of the following is a Contingency product?
Q.45
Contingency products typically address which type of need?
Q.46
When an insurance contract can be declared void?
Q.47
Why insurance contract is an Adhesion Contract?
Q.48
Which of the following is not a long term goal of an individual?
Q.49
Which of the following material facts need not be disclosed?
Q.50
Duty to disclose arises in which of the following instances?
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