Which of the following statement is true?

Out of 400 houses, each valued at Rs. 20,000, on an average 4 houses get burnt every year resulting in a combined loss of Rs. 80,000. What should be the annual contribution of each house owner to make good this loss?

During communication, establishing trust with the other party is very important because…

The ______________ has jurisdiction to entertain complaints, where value of the goods or services and the compensation claimed is up to Rs.20 lacs.

Which of the below consumer grievance redressed agencies would handle consumer disputes amounting between Rs. 20 lakhs and Rs. 100 lakhs?

In case of cancellation of Agency, when can an applicant apply for fresh agency?

In case of surrender or resignation the insurer shall issue the cessation certificate in how many days from the date of surrender or resignation?

When is it essential for insurable interest to be present in case of life insurance?

Find out the proximate cause for death in the following scenario?
Ajay falls off a horse and breaks his back. He lies there in a pool of water and contracts pneumonia. He is admitted to the hospital and dies because of pneumonia.

Which among the following methods is a traditional method that can help determine the insurance needed by an individual?

Which of the below is the most appropriate explanation for the fact that young people are charged lesser life insurance premium as compared to old people?

Which among the following would you recommend in order to seek protection against unforeseen events?

When is the best time to start financial planning?

For meeting marriage expenses of one’s daughters, which of the following insurance product suits the best.

For the same sum assured which of the following policy will have the higher premium:
I. Term Assurance Plan
II. Whole life Insurance Plan

Which among the following is a non-traditional life insurance product?

Which of the below statement is incorrect?

Which of the below policy can provide protection to home loan borrowers?

What does a policy lapse mean?

Who bears the investment risk in case of ULIP?

Money laundering is the process of bringing _______ money into an economy by hiding its _______ origin so that it appears to be legally acquired.

In case the policyholder is not satisfied with the policy, he / she can return the policy within the free-look period i.e. within ________of receiving the policy document.

The Insurance Act 2015 mandates

What does a first premium receipt (FPR) signify? Choose the most appropriate option.

Which of the below alteration will be permitted by an insurance company?

Which of the following cases is likely to be declined or postponed by a life insurer?

Which of the following is an example of moral hazard?

Which of the below death claim will be treated as an early death claim?

Given below are some events that will trigger survival claims. Identify which of the below statement is incorrect?

Health insurance is designed to handle which of the following risks?

How many staffs are recommended and appointed under PHC.

The application document used for making the proposal is commonly known as the __________.

Basic principles for Underwriting are _________.

Standard age proofs are

Which of the following statements about medical underwriting is incorrect?

Re-insuring the risk with other insurance companies is known as __________.

1. Group health insurance provides coverage only to employee groups
2. In a group health insurance any of the individual constituting the group could anti select against the insurer

Under which of the following condition, is domiciliary hospitalization is covered in a health insurance policy?

The example for group health insurance schemes sponsored by government is ?

State which statement is correct in case of Overseas travel insurance

state which statement is wrong ?

Group insurance is underwritten mainly on the _____?

Which of the below statement is correct with regard to cashless service provided in health insurance?

The term Money Laundering would mean –

Prospectus is a document which is ……

Under the loan cum revival which of the following is correct?

The grace period for renewal beyond expiry date of a health insurance policy is

Consent is not said to be free when it is caused by

Material facts are those that would help the insurer to decide

Considering insuring an oil refinery is example of ?