Q221
Open questionWhich of the following could be the basis of the cover in a group policy?
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Q222
Open questionWhich 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.
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.
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Q223
Open questionAn insurance broker represents
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Q224
Open questionWhich of the following statements in respect of riders is incorrect?
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Q225
Open questionDistribution of terminal bonuses is a way out for insurance companies to
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Q226
Open question_________ 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.
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Q227
Open questionExpand the term IGMS.
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Q228
Open questionWhich of the following are incorrect?
1. Mutuality means funds from various individuals are combined.
2. Diversification means spreading out funds to various destinations.
1. Mutuality means funds from various individuals are combined.
2. Diversification means spreading out funds to various destinations.
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Q229
Open questionSelecting an appropriate investment vehicle would not depend on
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Q230
Open questionSurplus not distributed (retained earnings) could contribute to
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Q231
Open questionWhich of the following are the disadvantage(s) of Traditional With Profit policies over ULIPs?
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Q232
Open questionAnnuity belongs to
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Q233
Open questionAs per IRDA, all universal life products are known as
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Q234
Open questionIRDA has implemented guidelines on persistency from
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Q235
Open questionWhich 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.
I: Death claims are settled in favour of nominees.
II: Death claims are settled in favour of trustees.
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Q236
Open questionWhich of the following statements are correct?
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Q237
Open questionWhich of the following statements are incorrect?
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Q238
Open questionIn the initial years of a ULIP, the value of the benefits would be
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Q239
Open questionAs 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.
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Q240
Open questionWhich 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?
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