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Commerce · all questions

Insurance
practice.

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Savings is a composite of which of the following decisions?

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Risk transfer means

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Which of the following cannot be categorised under risk?

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What is the meaning of the term non-medical underwriting?

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In respect of nomination, which of the following statements are correct?

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Bank deposit addresses which type of need?

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From the below given age proof documents, identify the one which is classified as non-standard by insurance companies.

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The sum insured under a health insurance policy would primarily depend on the

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What are the charges in a ULIP?

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In a money back plan, what is the maturity claim payable?

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Section 45 of Insurance Act, 1938 speaks about rejecting a claim after _________ of taking a policy.

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In group insurance, risk of individuals is not assessed.

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Which of the following statements are correct?
i. The sum assured under group insurance is not fixed by the individual member.
ii. A person whose proposal is declined under individual scheme can get insurance under group policy.

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A policy can be surrendered only if it has acquired

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Which actuarial aspect(s) are taken into account while fixing the premium?
I. Mortality
II. Interest assumption
III. Office expenses

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Which of the following is not a phase in retirement planning?

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While distributing surplus, care has to be taken for

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While prospecting for selling insurance, approaching the members of a caste or community association will be classified under which of the following?

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The limit of the National Consumer Disputes Commission is

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Which of the following is not an element of the life insurance business?

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