English IC38 Mock Test - Set-3
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English IC38 Mock Test Series
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Question 1 of 50
1. Question
1 pointsWhich of the below insurance scheme is run by an insurer and not sponsored by the Government?
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Question 2 of 50
2. Question
1 pointsRisk transfer through risk pooling is called ________.
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Question 3 of 50
3. Question
1 pointsRegulators insist that the agent should give the best advice. That means…
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Question 4 of 50
4. Question
1 pointsTo instill confidence in the policy holder the first thing the agent should do is
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Question 5 of 50
5. 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 6 of 50
6. Question
1 pointsPlease arrange the sentence in the ascending order.
1) File the complaint in writing with Ombudsman. 2) Claimed reject by Insurer. 3) File complaint by insured to insurer.Correct
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Question 7 of 50
7. Question
1 pointsIf an insurer is carrying on particular specialized line of business such as agriculture insurance, export credit guarantees business.
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Question 8 of 50
8. Question
1 pointsApplicant seeking appointment as Life insurance agent shall submit an application in which form?
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Question 9 of 50
9. Question
1 pointsWhich among the following is an example of coercion?
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Question 10 of 50
10. Question
1 pointsWhich among the following options cannot be insured by Ramesh?
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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 pointsSate which of the following statements is correct
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Question 13 of 50
13. Question
1 pointsWhich among the following can be categorized under Transactional Product.
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Question 14 of 50
14. Question
1 pointsWhat is the correct sequence of 3 phases of Retirement?
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Question 15 of 50
15. Question
1 pointsAt what Stage Bonus become Guaranteed
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Question 16 of 50
16. 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 17 of 50
17. Question
1 pointsWhich of the below statement is true regarding ULIP’s?
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Question 18 of 50
18. Question
1 pointsAll of the following are characteristics of variable life insurance EXCEPT:
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Question 19 of 50
19. 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 20 of 50
20. Question
1 pointsMahesh ran a business on borrowed capital. After his sudden demise, all the creditors are doing their best to go after Mahesh’s assets. Which of the below assets is beyond the reach of the creditors?
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Question 21 of 50
21. Question
1 pointsWhich of the below option is true with regards to MWP Act cases? Statement I: Maturity claims cheques are paid to policyholders Statement II: Maturity claims cheques are paid to trustees
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Question 22 of 50
22. Question
1 pointsWhich of the below is not a component of ULIP premiums?
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Question 23 of 50
23. Question
1 pointsLife insurance companies may offer rebate to the buyer on the premium that is payable on the basis of ___________.
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Question 24 of 50
24. Question
1 pointsA _____is a formal legal document used by insurance companies that provides details about the product.
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Question 25 of 50
25. Question
1 pointsThe application document used for making the proposal is commonly known as the __________.
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Question 26 of 50
26. Question
1 pointsFor the subsequent premiums received by the insurance company after the first premium, the company will issue___________.
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Question 27 of 50
27. Question
1 pointsWhat will happen if the insured person loses the original life insurance policy document.
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Question 28 of 50
28. Question
1 pointsWhich of the below statement is correct with regards to grace period of an insurance policy?
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Question 29 of 50
29. Question
1 pointsWhat will happen if the policyholder does not pay the premium by the due date and dies during the grace period?
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Question 30 of 50
30. Question
1 pointsUnder what method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors)?
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Question 31 of 50
31. Question
1 pointsUnder risk classification, ___________ consist of those whose anticipated mortality corresponds to the standard lives represented by the mortality table.
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Question 32 of 50
32. Question
1 pointsAfter submission of all relevant documents , what is the maximum duration that insurer take to settle the claim.
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Question 33 of 50
33. Question
1 pointsUnder which type of Policy, the claim payment is made in the form of periodic payments?
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Question 34 of 50
34. Question
1 pointsWhich of the below statement best describes the concept of claim? Choose the most appropriate option.
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Question 35 of 50
35. Question
1 pointsGiven below is a list of policies. Identify under which type of policy, the claim payment is made in the form of periodic payments?
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Question 36 of 50
36. Question
1 pointsWho is custodian to Insurance Information Bureau of India formed in year 2009 ?
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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 in health policies beyond the expiry date of the policy, for renewal?
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Question 38 of 50
38. Question
1 pointsIdentify the form of insurance that is depicted in the following scenario. Scenario: Patient pays the health provider and is subsequently reimbursed by the health insurance company.
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Question 39 of 50
39. Question
1 pointsWhich of the below statement is correct with regards to a warranty?
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Question 40 of 50
40. Question
1 pointsIf certain terms and conditions of the policy need to be modified at the time of Issuance, it is done by setting out the amendments through __________.
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Question 41 of 50
41. Question
1 pointsWhich of the below statement is correct with regards to a hospitalization expenses policy?
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Question 42 of 50
42. Question
1 pointsWhich of the below statement is correct with regard to cashless service provided in health insurance?
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Question 43 of 50
43. Question
1 pointsImportant factor for health insurance underwriting is…
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Question 44 of 50
44. Question
1 pointsUnderwriting is the process of______________
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Question 45 of 50
45. Question
1 points______________________are paid upfront by Assistance Company and later claimed from insurance company.
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Question 46 of 50
46. Question
1 pointsWho among the following is considered as primary stakeholder in insurance claim process?
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Question 47 of 50
47. Question
1 pointsSpecialized care means..
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Question 48 of 50
48. Question
1 pointsWhat is the example of verbal communication?
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Question 49 of 50
49. Question
1 pointsWhich statement is true with regard to CHC ?
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Question 50 of 50
50. Question
1 pointsWho is an inpatient seeking medical attention for his medical problem?
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