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Commerce · all questions

Insurance
practice.

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Which of the following are correct?

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In a Return of Premium plan (ROP), what is the quantum of maturity claim payable?

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The grace period for renewal beyond expiry date of a health insurance policy is

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Policy Allocation Charge would be _________ in the initial years.

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By helping a client in settlement of a claim, the agent earns _________ of the claimant.

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What is the set time limit for completing a claim investigation?

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How is a policy loan different from a commercial loan?

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Who is the person that arranges for a customer to get the necessary insurance?

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Which of the following statements is incorrect?

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Which of the following is correct?

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Which of the following statements is correct?

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Which of the following statements is incorrect?

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An insurance contract has to fulfill the requirements of the

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Term insurance is mainly suitable for which of the following needs?

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Which of the following is incorrect?

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In case of ULIPs, which of the following statements is correct?

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As per IRDA norms, which of the following non-traditional saving life insurance products are permitted in India?
I. Unit Linked Insurance Plan
II. Variable Insurance Plan

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Ajay pays insurance premium for his employees. Which of the following insurance premiums will not be treated deductible as compensation paid to an employee?
I. Health insurance with benefits payable to an employee
II. Keyman life insurance with benefits payable to Ajay

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Which of the following statements are false?
I. Policy decisions in an insurance organization mean decisions relating to issue of specific insurance policies.
II. Policy decisions in an insurance organization mean decisions relating to different kind of plans of insurance to be offered to the public.

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Which of the following statements is correct?

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