Q.1
Risk transfer means
Q.2
A valuation is done by a life insurer because
Q.3
The reason for charging level premiums is
Q.4
What does a premium depend upon?
Q.5
IRDA has prescribed the design and content of a proposal form through
Q.6
A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?
Q.7
Which of the following statement is true?
Q.8
Which of the following statements is true?
Q.9
Who bears the investment risk in a fixed benefit annuity?
Q.10
Which of the following statements is true?
Q.11
Which of the following statements is incorrect?
Q.12
Which of the following is not a phase in retirement planning?
Q.13
While distributing surplus, care has to be taken for
Q.14
What are the charges in a ULIP?
Q.15
While prospecting for selling insurance, approaching the members of a caste or community association will be classified under which of the following?
Q.16
Which is not an appropriate reason for a proper financial planning?
Q.17
When is the right time to start financial planning?
Q.18
Which facility is given to the policyholder to neutralise the bargaining power in adhesion contracts?
Q.19
The measures to reduce chances of occurrence of risk are known as _________.
Q.20
By transferring risk to insurer, it becomes possible _________.
Q.21
Origins of modern insurance business can be traced to _________.
Q.22
Which of the below option best describes the process of insurance?
Q.23
Who devised the concept of HLV?
Q.24
Which one of the following statements is correct?
Q.25
State the correct option.
Q.26
Before the composite licence could be renewed, the applicant needs to undergo renewal training of _________ from an approved institution.
Q.27
The limit of the National Consumer Disputes Commission is
Q.28
Which of the following is not an element of the life insurance business?
Q.29
Which of the following defines a proposal form?
Q.30
What are the two distinct phases of a deferred annuity?
Q.31
Bank deposit addresses which type of need?
Q.32
From the below given age proof documents, identify the one which is classified as non-standard by insurance companies.
Q.33
The sum insured under a health insurance policy would primarily depend on the
Q.34
Section 45 of Insurance Act, 1938 speaks about rejecting a claim after _________ of taking a policy.
Q.35
In group insurance, risk of individuals is not assessed.
Q.36
In a money back plan, what is the maturity claim payable?
Q.37
Which of the following statements are correct?
i. The sum assured under group insurance is not fixed by the individual member.
ii. A person whose proposal is declined under individual scheme can get insurance under group policy.
Q.38
A policy can be surrendered only if it has acquired
Q.39
Which actuarial aspect(s) are taken into account while fixing the premium?
I. Mortality
II. Interest assumption
III. Office expenses
Q.40
In which type of products were protection and saving elements separated?
Q.41
Which of the following statements is correct?
Q.42
Which of the following statements best describes an ordinary annuity?
Q.43
If the proponent has no insurable interest in the insured, the underwriter will
Q.44
In respect of payment of Reversionary Bonuses, which of the following is incorrect?
Q.45
Why does an officer conduct special enquiry in the case of death claim which arose after 4 years?
Q.46
Which of the following cannot be categorised under risk?
Q.47
What is the meaning of the term non-medical underwriting?
Q.48
In respect of nomination, which of the following statements are correct?
Q.49
What is the special feature of a Family Floater policy?
Q.50
Which special feature of Unit Linked Policy allowed change from one fund to another?
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