For an insurance policy nomination is allowed under _____ of the insurance Act, 1938

Ajay is 25 years old and healthy. He leads a normal life and is non-smoker and don’t take alcohol.
If he applies for a policy, what would be the decision of underwriter ?

While applying for an insurance policy, one need to maintain uberrima fides. What do you
understand from this.

Which of the following is not a benefit of Life Insurance.

Who is the owner of the policy in a proposed case ?

Disputes exceeding 100 Lakhs will be filed with

What measures you will suggest to stop money laundering?

Which of the following statement is true with regards to health policy.

Which of the following is a product where Life Insurance is provided by a life Insurance company and Health cover is provided by a non-life Insurance company.

For the benefit of a married woman, which policy you would suggest ?

In case of maturity in MWP Act, the maturity proceeds are paid to____.

Which of the below statement is true with respect to respect of Mortgage Redemption Term Assurance Policy

Rajan was diagnosed with a disease and doctors have declared that he will survive for just one more month. What type of risk is it.

Harish met with an accident and died. His family received monetary benefit from the a Insurance company. What this benefit is known as ?

Mahesh bought an insurance plan against a loan and the insurance cover decreases every year with respect to the remaining loan amount. What type of Insurance is it.

The policy has an option to grant an additional period of time to pay the premium after it has become due. What is the standard length of grace period ?

Reinsurance can be done in the way of (I) Group Insurance, (II) Treaties, (III) facultative reinsurance.

In case of _____, a company express the bonus as a percentage of basic benefit and already attached bonuses.

The process of classifying similar risks equally to charge same premium is known as?

Vijay applied for a policy and was asked to undergo medical test. What type of underwriting is it?

Choose correct statement

1) In a group health insurance, any of the individual constituting the group could anti-select against the insurer.

2) Group health insurance provides coverage only to employer-employee groups. I

The underwriting process is completed when ___________________.

Which of the following statements about the numerical rating method is incorrect?

Who among the following is considered as primary stakeholder in insurance claim process?

.During investigation, of a health insurance claim presented by Arun, insurance company finds that instead of Arun, his brother Varun had been admitted to hospital for treatment. The policy of Arun is not a family floater plan. This is an example of ___________fraud.

Which of the following codes capture the procedures performed to treat the illness?

Which of the following constitute Breach of Utmost Good faith

Which of the following could be termed Misrepresentation?

When one nears his retirement years, the Risk profile of an individual could be –

Which is not an appropriate reason for a proper financial planning?

Which of the following is incorrect?

(i)  The longer the period of investment, the more they will multiply.

(ii) The lesser the period of investment, the greater they will multiply

With reference to Inflation, which of the following statement is not correct?