What does the letter 'S' denote in the term IFSC?
A. Subscriber
B. State
C. System
D. Source
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A method of valuing insured property or the value computed by that method is known as
A. Actual cost validity
B. Actual cash value
C. Replacement cash value
D. Normal cost value
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SEF is abbreviated as _________
A. Standard Endorsement Form
B. Secure Endorsement Form
C. Standard Envelope Form
D. Standard Endorsement Fair
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Which of the following is a combination of insurance as well as an investment?
A. Money back policy
B. Endowment plan
C. Unit Link Insurance Plan
D. Mutual Funds
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Investment in ULIPs is related to which section of the Income Tax Act?
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The first part of the policy document deals with
A. Policy claim settlement procedure
B. Policy schedule
C. Standard provisions
D. Specific policy provisions
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Where was the Universal Life Policy introduced first?
A. USA
B. Great Britain
C. Germany
D. France
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For the subsequent premiums received by the insurance company after the first premium, the company will issue _________.
A. Revival premium receipt
B. Restoration premium receipt
C. Reinstatement premium receipt
D. Renewal premium receipt
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When an applicant is seeking license for the first time, he / she is supposed to undergo _________of practical training (from an approved institution) in life insurance.
A. 25 hours
B. 50 hours
C. 75 hours
D. 100 hours
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Which of the below forms first part of a standard insurance policy document?
A. Policy schedule
B. Standard provisions
C. Specific policy provisions
D. Claim procedure
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In costumer relationship the first impression is created
A. By being confident
B. By being on time
C. By showing interest
D. By being on time , showing interest and being confident
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Which of the below tips are useful making a good first impression?
A. Being on time always
B. Presenting yourself appropriately
C. Being open , confident and positive
D. All of the above
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Which is a fixed amount for a covered service in the health sector?
A. Coinsurance
B. Deductible
C. Copay
D. Health Insurance
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A deductible is usually mentioned in
A. Rupee
B. Dollar
C. Euro
D. Any currency
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