English IC38 Mock Test - Set-5
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English IC38 Mock Test Series
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Question 1 of 50
1. Question
1 pointsOrigins of modern insurance business can be traced to __________.
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Question 2 of 50
2. Question
1 pointsIn insurance context “risk retention‟ indicates a situation where _____.
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Question 3 of 50
3. Question
1 pointsWhich one of the following is not a way to impress your customer?
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Question 4 of 50
4. Question
1 pointsOne of the following is not the way to show that you are interested in the other person. Which one is that?
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Question 5 of 50
5. Question
1 pointsWhat is the fee consumer has to pay for lodging the complaint with Ombudsman.
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Question 6 of 50
6. Question
1 pointsThe Redressal of Public Grievance Rules__________.
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Question 7 of 50
7. Question
1 pointsIn case of refusal of appointment, the Designated Official shall communicate the reason in writing to the applicant within how many days after receipt of the application?
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Question 8 of 50
8. Question
1 pointsIn case the applicant wants his application to be reviewed in case it is refused by Designated Official , the Appellate Officer shall Communicate the final decision in writing with in how many days of the receipt of review application.
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Question 9 of 50
9. Question
1 pointsWhich of the below action showcases the principle of “Uberrima Fides”?
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Question 10 of 50
10. Question
1 pointsWhich of the below is not correct with regards to insurable interest?
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Question 11 of 50
11. Question
1 pointsWhich of the below cannot be categorized under risks?
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Question 12 of 50
12. Question
1 pointsWhich among the following methods is a traditional method that can help determine the insurance needed by an individual?
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Question 13 of 50
13. Question
1 pointsWhat is the relation between investment horizon & returns?
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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 pointsWhich among the following is an intangible products
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Question 16 of 50
16. Question
1 pointsState which of the following statement is true with regard to IRDA’s new guidelines for traditional products.
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Question 17 of 50
17. Question
1 pointsAs per IRDAI norms, an insurance company can provide which of the below non-traditional savings life insurance products are permitted in India? Choice I: Unit Linked Insurance Plans Choice II: Variable Insurance Plans
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Question 18 of 50
18. Question
1 pointsWhat does unbundling of life insurance products refers to?
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Question 19 of 50
19. Question
1 pointsAjay pays insurance premium for his employees. Which of the below insurance premium will not be treated deductible as compensation paid to employee? Choice I: Health insurance with benefits payable to employee Choice II: Keyman life insurance with benefits payable to Ajay
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Question 20 of 50
20. Question
1 pointsThe practice of charging interest to borrowers who pledge their property as collateral but leaving them in possession of the property is called _____________.
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Question 21 of 50
21. Question
1 pointsWith regards to valuation of assets by insurance companies, __________ is the value at which the life insurer has purchased or acquired its assets.
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Question 22 of 50
22. Question
1 pointsIn case of __________, a company expresses the bonus as a percentage of basic benefit and already attached bonuses.
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Question 23 of 50
23. Question
1 pointsThe AML program should include?
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Question 24 of 50
24. Question
1 pointsWho is the Primary Underwriter?
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Question 25 of 50
25. Question
1 pointsIn a standard policy document, the standard provisions section will have information on which of the below?
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Question 26 of 50
26. Question
1 points“A clause precluding death due to pregnancy for the lady who is expecting at the time of writing the contract” will be included in which section of a standard policy documents?
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Question 27 of 50
27. Question
1 pointsWhich of the below statement is incorrect with regards to a policy against which a loan has been taken from the insurance company?
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Question 28 of 50
28. Question
1 pointsWhich of the below statement is incorrect with regards to assignment of an insurance policy?
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Question 29 of 50
29. Question
1 pointsSheena is suffering from acute diabetes. She has applied for an insurance plan. In this case the underwriter is most likely to use ____________ for underwriting.
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Question 30 of 50
30. Question
1 pointsSantosh has applied for a term insurance policy. His anticipated mortality is significantly lower than standard lives and hence could be charged a lower premium. Under risk classification, Santosh will be classified under ___________.
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Question 31 of 50
31. Question
1 pointsMahesh has bought a life insurance policy with a critical illness rider. He has made absolute assignment of the policy in favour of Karan. Mahesh suffers a heart attack and there is a claim of Rs. 50,000 under the critical illness rider. To whom will the payment be made in this case?
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Question 32 of 50
32. Question
1 pointsPraveen died in a car accident. The beneficiary submits documents for death claim. Which of the below document is an additional document required to be submitted in case of accidental death as compared to natural death.
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Question 33 of 50
33. Question
1 points________________ is an insured who undergoes treatment after getting admitted in a hospital.
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Question 34 of 50
34. Question
1 points_________ refers to a hospital/health care provider enlisted by an insurer to provide medical services to an insured on payment by a cashless facility.
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Question 35 of 50
35. Question
1 pointsA delivery man of a fast-food restaurant is__________ than accountant of the same restaurant.
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Question 36 of 50
36. Question
1 pointsAn agent or other intermediary shall provide all material information in respect of a proposed cover to the prospect to __________.
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Question 37 of 50
37. Question
1 pointsThe place where at least 4 specialists, a surgeon, a physician, and a pediatrician, supported by 21 paramedical and other staff work is called
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Question 38 of 50
38. Question
1 pointsIdentify which of the below statement is incorrect?
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Question 39 of 50
39. Question
1 pointsPurpose of underwriting is_____________?
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Question 40 of 50
40. Question
1 pointsThe deliberate intention of taking insurance just to collect a claim is part of ?
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Question 41 of 50
41. Question
1 pointsUnder which of the following condition, is domiciliary hospitalization is covered in a health insurance policy?
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Question 42 of 50
42. Question
1 pointsWhich of the following codes captures the procedures performed to treat the illness?
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Question 43 of 50
43. Question
1 pointsA clause precluding death due to pregnancy for a lady who is expecting at the time of writing the contract” will be included in which section of a standard policy document?
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Question 44 of 50
44. Question
1 pointsWhat is a policy withdrawal?
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Question 45 of 50
45. Question
1 pointsWhich of the below is one of the ways of defining surplus?
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Question 46 of 50
46. Question
1 pointsWhich of the below statement is correct?
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Question 47 of 50
47. Question
1 pointsSelect the correct statement:
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Question 48 of 50
48. Question
1 pointsWhich of the below elements promote trust?
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Question 49 of 50
49. Question
1 pointsWhich among the following cannot form the basis for a valid consumer complaint?
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Question 50 of 50
50. 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.Correct
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