Q.1
Which of the following statements is correct?
Q.2
Which of the following is the most appropriate explanation for the fact that young people are charged lesser life insurance premium as compared to old people?
Q.3
Which of the following statements is incorrect?
Q.4
In what plan of insurance is medical examination never required?
Q.5
_________ may deal with more than one life insurance company or general insurance company or both.
Q.6
For a household insurance policy, insurable interest need only exist at outset and at what other point?
Q.7
Rahul is employed by Sunny. In respect of this employment, Rahul automatically has an insurable interest in Sunny’s life up to what limit, if any?
Q.8
A life insurer issued a quotation on 10 February, guaranteed for 14 days, which was accepted by the customer on day 10. Consequently the insurer can only decline this risk if the
Q.9
A policy document for a money-back policy includes the statement of the proposal and declaration signed by the proposer form the basis of the contract's. In which main section of the policy document will this normally appear?
Q.10
Which is true of Current Money method of dividend payment?
Q.11
In ULIPs, the result of policy allocation charge would be that _________ amount would be allocated for investment in units.
Q.12
The insurable interest of a mortgagor in the mortgage’s life is equal to the amount of
Q.13
Arun started a 20-year term insurance policy. Once established, when, if at all, is the insurer next entitled to ask him for proof of continuing good health?
Q.14
The concept of indemnity is based on the key principle that policyholders should be prevented from
Q.15
A life insurance policy can only be made paid up if what particular policy feature exists?
Q.16
The main reason why a life insurance proposal form often asks for the proposer's height is to enable a reasonable comparison with the proposer’s
Q.17
Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
Q.18
In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured’s death is termed as _________
Q.19
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called _________
Q.20
Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-
Q.21
Secondary burden of risk consists of _________ and _________ one has to bear if exposed to loss situation.
Q.22
Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
Q.23
Once an absolute assignment is effected under a life insurance policy, who will be the titleholder(s) of this policy?
Q.24
Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?
Q.25
The main role of an underwriter in a non-life insurance company is normally to
Q.26
Akshat is a relatively cautious person. In insurance terms, this will normally increase the likelihood that he will
Q.27
How are perils and hazards normally distinguished under term insurance policies?
Q.28
A seller’s market in which insurance is expensive and in short supply is termed as _________
Q.29
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called _________
Q.30
The concept of insurance involves a transfer of
Q.31
When did insurance begin in Babylon?
Q.32
Which one of the following does not belong to the main products of life insurance?
Q.33
Which one of the following does not belong to the major general insurance private sector companies in India?
Q.34
Which was the first Act to regulate life insurance industry in India?
Q.35
In insurance terms, the risk of suffering a disability is best described as what type of risk?
Q.36
What is the function of IRDA?
Q.37
TPA stands for
Q.38
The written insurance contract that may include all clauses, riders and endorsements. It is called?
Q.39
Agriculture Insurance Company Of India Limited (AIC) was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
Q.40
_________, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
Q.41
What is the CRISIL rating for New India Assurance Co Ltd located?
Q.42
Which of the following type of insurance product are available in New India Assurance Co Ltd located?
Q.43
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
Q.44
Which of the following is an example of Broad Form Insurance?
Q.45
Which type of insurance usually requires higher premium?
Q.46
What is PAC?
Q.47
Which of the following form is designed to be used by many different insurers and has exactly the same provisions?
Q.48
TPA is licenced by the -
Q.49
Who is a health care provider?
Q.50
New India Assurance Co Ltd is a type of?
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