When does a claim arise under an insurance policy?
A. Whenever the policyholder feels the need for money
B. When the insured events happen
C. When a premium is not paid
D. Whenever any of the three things mentioned above happen
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Which one of the following statements is correct?
A. Maturity claim cheques are paid to the trustees in a MWP Act case
B. Maturity claim cheques are paid to the beneficiaries in a MWP Act case
C. Both the statements above are correct
D. Both the statements above are wrong
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If a claim is made in January 2007 under a policy, which commenced in May 2002, stating that the life insured had died in April 2004,
A. Section 45 of the Act will not apply
B. The claim can be treated as an early claim
C. Foul play must be suspected
D. All of the above
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Which one of the following statements is correct?
A. A policy reported to be lost, may actually have been assigned
B. A policy has no value after the payment of survival benefits
C. Both the statements above are correct
D. Both the statements above are wrong
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Which one of the following statements is correct?
A. The foreign exchange regulations apply if the life insured is a non-resident
B. The foreign exchange regulations apply if the claimant is a non-resident
C. Both the statements above are correct
D. Both the statements above are wrong
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State which of the following statements is correct
A. ULIPs provide for flexibility
B. ULIPs are better than traditional policies
C. Both the above statements are correct
D. Both the above statements are wrong
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State which of the following statements is correct
A. In ULIPs, the offer bid spread is the difference between the two prices
B. In ULIPs, the offer bid spread, will in some cases be zero
C. Both the above statements are correct
D. Both the above statements are wrong
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State which of the following statements is correct
A. In ULIPs the insurance cover must be a minimum multiple of the premium
B. ULIPs can be surrendered after two years
C. Both the above statements are correct
D. Both the above statements are wrong
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State which one of the following statements is correct
A. Life insurance is the best savings scheme for all persons
B. Life insurance is the best investment scheme for young persons
C. Both the statements above are correct
D. Both the statements above are wrong
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Which of the following statements is correct?
A. An insurance agent has fixed working hours
B. An insurance agent has to mark his attendance in office every day
C. An insurance agent works according to his schedule
D. An insurance agent cannot do any other work
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State which one of the following statements is correct
A. When vital information is not disclosed, the policyholder is benefited
B. When a claim is repudiated, the agent’s trustworthiness is affected
C. Both the statements above are correct
D. None of the above
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State which one of the following statements is correct?
A. The social sector is not only in the urban areas
B. The social sector includes the unorganized sector
C. Both the statements above are correct
D. Both the statements above are wrong
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State which one of the following statements is correct?
A. The tax provisions are the same for all kinds of savings
B. The tax provisions are included in the Constitution
C. Both the statements above are correct
D. Both the statements above are wrong
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National Insurance Academy is located in which city?
A. Pune
B. Ajmer
C. Gurgaon
D. Panaji
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Institute of Insurance and Risk Management is located in which city?
A. Agra
B. Aligarh
C. Hyderabad
D. Ahmedabad
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Where is the headquarter of United India Insurance Company Limited?
A. Kolkata
B. Bangalore
C. Chennai
D. Mumbai
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What is a company formed and registered under the Companies Act, 1956 and which has been granted a certificate of registration by Insurance Regulatory and Development called?
A. Insurance Depository
B. Insurance Loka
C. Insurance Atantia
D. Insurance Repository
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Expand IPO.
A. Indian Public Offering
B. Initial Public Offering
C. Initial Political Offering
D. Initial Potential Offering
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Which of these is not a product of life insurance?
A. Whole life
B. Term
C. Life annuity
D. Car Insurance
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Which is not the product of general insurance?
A. Motor insurance
B. Personal accident insurance
C. Medical and health insurance
D. Life insurance
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