English IC38 Mock Test - Set-4
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English IC38 Mock Test Series
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Question 1 of 50
1. Question
1 pointsThe measures to reduce chances of occurrence of risk are known as _____.
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Question 2 of 50
2. Question
1 pointsOrigins of modern insurance business can be traced to __________.
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Question 3 of 50
3. Question
1 pointsIn claim settlement an agent has to help the policy holder?
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Question 4 of 50
4. Question
1 pointsEffective communication means.
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Question 5 of 50
5. Question
1 pointsWhat is the time limit to lodge complaint with Ombudsman?
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Question 6 of 50
6. Question
1 pointsWhat is the fee consumer has to pay for lodging the complaint with Ombudsman?
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Question 7 of 50
7. Question
1 pointsThe designated Official shall issue appointment letter within how many days after receipt of all documents from the applicant?
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Question 8 of 50
8. Question
1 pointsThe letter of appointment shall be dispatched within how many days after appointment of the agent ?
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Question 9 of 50
9. Question
1 points_____________ relates to inaccurate statements, which are made without any fraudulent intention?
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Question 10 of 50
10. Question
1 pointsWhich among the following is true regarding life insurance contracts?
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Question 11 of 50
11. Question
1 pointsRisk transfer through risk pooling is called _______?
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Question 12 of 50
12. Question
1 pointsWhich of the below is not an element of the life insurance business?
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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 pointsSavings can be considered as composite of two decisions. Choose them from the list below.
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Question 15 of 50
15. Question
1 pointsThe term “Par” implies the policies which are __________________
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Question 16 of 50
16. Question
1 pointsWhich one of the following statements is correct?
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Question 17 of 50
17. Question
1 pointsWhich of the below is correct with regards to universal life insurance?
Statement I: It allows policy owner to vary payments
Statement II: Policy owner can earn market based rate of return on cash valueCorrect
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Question 18 of 50
18. Question
1 pointsAll of the following is true regarding ULIP‟s EXCEPT:
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Question 19 of 50
19. 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 20 of 50
20. Question
1 pointsWhich of the below option is true with regards to MWP act cases?
30
Statement I: Death claims are settled in favour of nominees Statement II: Death claims are settled in favour of trusteesCorrect
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Question 21 of 50
21. Question
1 pointsInterest rates are one of the important components used while determining the premium. Which of the below statement is correct with regards to interest rates?
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Question 22 of 50
22. Question
1 pointsWhich of the below statement is correct?
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Question 23 of 50
23. Question
1 pointsFrom the below given age proof documents, identify the one which is classified as non-standard by insurance companies.
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Question 24 of 50
24. Question
1 pointsWhich of the below is not a valid address proof?
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Question 25 of 50
25. Question
1 pointsWhich of the below statements is correct ?
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Question 26 of 50
26. Question
1 pointsWhich of the below forms the first part of a standard insurance policy documents?
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Question 27 of 50
27. Question
1 pointsIn a standard policy document, the standard provisions section will have information on which of the below?
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Question 28 of 50
28. Question
1 pointsDuring the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.
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Question 29 of 50
29. Question
1 pointsFor an insurance policy nomination is allowed under _________ of the Insurance Act, 1938.
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Question 30 of 50
30. Question
1 pointsAmruta is pregnant. She has applied for a term insurance cover. Which of the below option will be the best option to choose for an underwriter to offer insurance to Amruta?
Choose the most likely option.Correct
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Question 31 of 50
31. Question
1 pointsWhich of the below insurance proposal is not likely to qualify under non-medical underwriting?
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Question 32 of 50
32. Question
1 pointsWhich of the below statement best describes the concept of claim? Choose the most appropriate option.
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Question 33 of 50
33. 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 34 of 50
34. Question
1 pointsMoral hazard by health insurance companies can result in _________.
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Question 35 of 50
35. Question
1 pointsPrimary care can be described as ____________.
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Question 36 of 50
36. Question
1 pointsWhich of the below statement is correct with regards to renewal notice?
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Question 37 of 50
37. Question
1 pointsNon-disclosure of facts material to the assessment of the risk, providing misleading information, fraud or non-co-operation by the insured will __________.
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Question 38 of 50
38. Question
1 pointsWhich is the correct statement in the case of Portability in Health Insurance?
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Question 39 of 50
39. Question
1 pointsHow the Daily hospitalization cash benefit will provide benefits to policyholder who is hospitalized.
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Question 40 of 50
40. Question
1 pointsImportant factor for health insurance underwriting is
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Question 41 of 50
41. Question
1 pointsUnderwriting is the process of______________
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Question 42 of 50
42. Question
1 pointsGirish Saxena’s insurance claim was denied by insurance company. In case of a denial, what is the option available to Girish Saxena, apart from the representation to the insurer?
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Question 43 of 50
43. Question
1 pointsDuring investigation, of a health insurance claim presented by Rajiv Mehto, insurance company finds that instead of Rajiv Mehto, his brother Rajesh Mehto had been admitted to hospital for treatment. The policy of Rajiv Mehto is not a family floater plan. This is an example of _________________fraud.
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Question 44 of 50
44. Question
1 pointsInterest rates are one of the important components used while determining the premium. Which of the below statement is correct with regards to interest rates?
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Question 45 of 50
45. Question
1 pointsShikha is 30 yr old professional. She is categorised under preferred risk. Which statement can imply?
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Question 46 of 50
46. Question
1 pointsWhich Redressal Agencies would handle consumer disputes amounting upto Rs. to 100 Lakhs
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Question 47 of 50
47. Question
1 pointsWhat is not the example of Nonverbal communication?
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Question 48 of 50
48. Question
1 pointsWhich statement is true with regard to CHC ?
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Question 49 of 50
49. Question
1 pointsPrimary health centers are referral units for about six sub centers and have been established for every:
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Question 50 of 50
50. Question
1 pointsA _____________ for policy purchase is that the purchaser must be able and willing to bear the investment risk on the policy.
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