English IC38 Mock Test - Set-2
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English IC-38 Mock Test Series
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Question 1 of 50
1. Question
1 pointsWhich among the following is a method of risk transfer?
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Question 2 of 50
2. Question
1 pointsWhich among the following scenarios warrants insurance?
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Question 3 of 50
3. Question
1 points`SERVQUAL’ is defined as?
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Question 4 of 50
4. Question
1 pointsWhat according to majority of salesmen is the important secret behind their success?
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Question 5 of 50
5. Question
1 points__________________ entertains complaints of the goods or services and compensation, if any claimed up to Rs.20 Lakhs.
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Question 6 of 50
6. Question
1 pointsState which of the following statement is/are true or false. I Ombudsman have the judicial authority. II Ombudsman appointed by the Insurance Company.
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Question 7 of 50
7. Question
1 pointsWho is composite insurance Agent?
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Question 8 of 50
8. Question
1 pointsWho is authorized to make appointment of an individual as insurance agent?
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Question 9 of 50
9. Question
1 pointsWhich of the below party is not eligible to enter into a life insurance contract?
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Question 10 of 50
10. Question
1 pointsWhich of the below is not a valid consideration for contract?
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Question 11 of 50
11. Question
1 pointsLife Insurance is better than other avenues of savings in respect of
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Question 12 of 50
12. Question
1 pointsWhich among the following is a Wealth Accumulation Product.
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Question 13 of 50
13. Question
1 pointsWhat is the correct sequence of 3 phases of Retirement?
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Question 14 of 50
14. Question
1 pointsRise in the general level of prices of goods & services in an economy over a period of time is known as :
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Question 15 of 50
15. Question
1 pointsIn case of non-participating policies, which statement is correct?
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Question 16 of 50
16. Question
1 pointsAs per the new IRDA’S guideline the death benefit for a person aged below 45 years in case of single premium traditional plans will be:
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Question 17 of 50
17. Question
1 points_____________are commonly used to provide some sort of supplementary benefit or to increase the amount of death benefit provided by a policy.
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Question 18 of 50
18. Question
1 pointsThe term “Par” implies the policies which are __________________
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Question 19 of 50
19. Question
1 pointsWhere was the Universal Life Policy introduced first?
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Question 20 of 50
20. Question
1 pointsWho among the following is most likely to buy variable life insurance?
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Question 21 of 50
21. Question
1 pointsMortgage redemption insurance (MRI) can be categorized under ________.
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Question 22 of 50
22. Question
1 pointsWhich of the below losses are covered under keyman insurance?
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Question 23 of 50
23. Question
1 pointsA policy is effected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy becomes payable to the _____________.
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Question 24 of 50
24. Question
1 pointsWhat is a policy withdrawal?
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Question 25 of 50
25. Question
1 pointsWhich of the below is one of the ways of defining surplus?
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Question 26 of 50
26. Question
1 pointsWhich of the below can be attributed to moral hazard?
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Question 27 of 50
27. Question
1 pointsWhich of the below features will be checked in a medical examiner’s report?
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Question 28 of 50
28. Question
1 pointsSelect the option that best describes the policy document-
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Question 29 of 50
29. Question
1 pointsWhich of the below statements is correct ?
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Question 30 of 50
30. Question
1 pointsIn order for the policy to acquire a guaranteed surrender value, for how long must the premiums be paid as per law?
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Question 31 of 50
31. Question
1 pointsWhen is a policy deemed to be lapsed?
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Question 32 of 50
32. Question
1 pointsWhich of the following is not a standard age proof?
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Question 33 of 50
33. Question
1 pointsWhich of the following condition will affect a person‟s insurability negatively?
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Question 34 of 50
34. Question
1 pointsWhat is meant by a claim under insurance policy?
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Question 35 of 50
35. Question
1 pointsAfter how many years any missing person is presumed to be dead?
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Question 36 of 50
36. Question
1 pointsWhat is the government contribution to ESIC Scheme ?
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Question 37 of 50
37. Question
1 pointsAs per IRDA regulations issued in February 2013, what is the grace period allowed beyond the expiry date of the policy, for renewal?
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Question 38 of 50
38. Question
1 pointsIn case the premium payment is made by cheque, then which of the below statement will hold true?
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Question 39 of 50
39. Question
1 pointsWhat does Section 64 VB of Insurance Act, 1938 say about Premium Payment?
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Question 40 of 50
40. Question
1 pointsIn health insurance, the policy holder has the right to transfer the credit gained for pre existing conditions and time bound exclusions from one company to another. This facility is called?
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Question 41 of 50
41. Question
1 pointsIdentify the correct full form of PPN with regards to hospitals in health insurance?
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Question 42 of 50
42. Question
1 pointsWhy is heredity history of importance in medical underwriting?
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Question 43 of 50
43. Question
1 pointsWhich of the following is not an underwriting decision?
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Question 44 of 50
44. Question
1 pointsThe amount of provision made for all claims in the books of the insurer based on the status of the claim is known as
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Question 45 of 50
45. Question
1 pointsYoung persons are charged lower premium as compared to older persons because?
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Question 46 of 50
46. Question
1 pointsWhich is correct statement?
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Question 47 of 50
47. Question
1 pointsIf a policy is absolutely assigned to Ramesh and on death of Srikant, the life assured,to whom will be paid the claim amount ?
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Question 48 of 50
48. Question
1 pointsWhich is incorrect statement out of the following ones?
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Question 49 of 50
49. Question
1 pointsWhich element deals with premium in a valid contract?
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Question 50 of 50
50. Question
1 pointsWhat will happen if the insured person loses the original life insurance policy document?
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