Vidyalelo
Commerce · all questions

Insurance
practice.

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Which of the following are correct?

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If there is any delay in settlement of claim within 30 days, other than an early claim, the insurer has to pay _________ rate of interest.

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Which of the following are true?
I. Insurance is necessary to cover the risk of living too long.
II. Insurance helps one to be less dependent on others.

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When would special reports be necessary?

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Identify the correct option(s).

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In respect of payment of Reversionary Bonuses, which of the following is incorrect?

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Why does an officer conduct special enquiry in the case of death claim which arose after 4 years?

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Which of the following statements is incorrect?

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_________ may deal with more than one life insurance company or general insurance company or both.

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The insurable interest of a mortgagor in the mortgage’s life is equal to the amount of

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If the proponent has no insurable interest in the insured, the underwriter will

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Which of the following statements is correct?

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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?

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Which is true of Current Money method of dividend payment?

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In ULIPs, the result of policy allocation charge would be that _________ amount would be allocated for investment in units.

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In which type of products were protection and saving elements separated?

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Which of the following statements is correct?

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Which of the following statements best describes an ordinary annuity?

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What is the special feature of a Family Floater policy?

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Which special feature of Unit Linked Policy allowed change from one fund to another?

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