Q.1
Non-traditional products involved shift from traditional products in terms of
Q.2
Which of the following statements is correct?
Q.3
Which of the following are correct?
Q.4
In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?
Q.5
Which of the following statements is incorrect?
Q.6
Which of the following is correct?
Q.7
Term insurance possesses which of the following properties?
Q.8
Which of the following statements is incorrect in case of a non-medical case?
Q.9
Why do insurers arrange for survey and inspection of the property before acceptance of a risk?
Q.10
What will happen if the insured person loses the original life insurance policy document?
Q.11
Amount of annuity payable is inversely related to which of the following?
Q.12
The grace period for renewal beyond expiry date of a health insurance policy is
Q.13
Policy Allocation Charge would be _________ in the initial years.
Q.14
By helping a client in settlement of a claim, the agent earns _________ of the claimant.
Q.15
_________ means every party to an insurance contract must disclose all material information.
Q.16
In which of the following cases does insurable interest not exist?
Q.17
Which of the following statements is incorrect in case of variable insurance plans?
Q.18
Which of the following statements are correct?
Q.19
Which of the following statements are incorrect?
Q.20
To make accurate statistical estimates, insurance risks must be handled as per the law of
Q.21
Which of the following is the most common underwriting decision?
Q.22
A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim?
Q.23
Choose the correct statement(s)
Q.24
The definition for ‘hospital’ does not envisage which of the following?
Q.25
_________ as a profession refers to the act of inducing a commercial transaction through inducing the purchase of a product or service. Such act is carried out with the intent of earning remuneration.
Q.26
What is the ‘consideration’ from the insured in an insurance contract?
Q.27
Which plan is suitable for accumulation of specific sum of money?
Q.28
In the initial years of a ULIP, the value of the benefits would be
Q.29
As per Section 45 of Insurance Act, 1938, an insurance company can reject a claim after 2 years from issuance of policy if the material facts in the proposal are _________ made.
Q.30
Choose the correct statement.
Q.31
Expand the term IGMS.
Q.32
Which of the following are incorrect?
1. Mutuality means funds from various individuals are combined.
2. Diversification means spreading out funds to various destinations.
Q.33
Selecting an appropriate investment vehicle would not depend on
Q.34
Which of the following are the disadvantage(s) of Traditional With Profit policies over ULIPs?
Q.35
Annuity belongs to
Q.36
Which of the following could be the basis of the cover in a group policy?
Q.37
Which of the following statements are “TRUE”?
1: In a group policy, each person is free to choose the amount of insurance cover.
2: A person, normally uninsurable, can be covered under a group insurance policy.
Q.38
An insurance broker represents
Q.39
Which of the following types of life insurance policies pays the full sum assured to the beneficiaries if the insured dies during the policy term or to the policyholder on the maturity of the policy if he/she survives the term?
Q.40
How much free look period is allowed from the date of receipt of health insurance policy document?
Q.41
When is an insurance company put to real test?
Q.42
In decreasing-term insurance, the premiums paid _________ over time.
Q.43
Using the conversion option present in a term policy you can convert the same to _________.
Q.44
Which of the below statement is correct with regards to endowment assurance plan?
Q.45
Which of the below is an example of an endowment assurance plan?
Q.46
The most common form of bonus is
Q.47
Choose the correct statement.
Q.48
Which of the following statements is incorrect?
Q.49
Which among the following is not a variant of term assurance?
Q.50
Which of the following is not a risk fit for insurance?
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