Q 1. What is the primary focus of personal accident insurance?

A) Providing regular medical check-ups

B) Covering damage to personal property

C) Compensating for loss of income due to illness

D) Offering fixed compensation for accidental death or disablement

E) Offering coverage for natural disasters

Report

Q 2. What is the primary factor that determines the compensation payable under the personal accident policy?

A) The insured person's age

B) The type of accident (e.g., vehicular, workplace)

C) The policy premium amount

D) The medical treatment received after the accident

E) The policy terms decided during the inception

Report

Q 3. What is the purpose of the cumulative bonus in personal accident insurance?

A) To provide a discount on the policy premium

B) To provide compensation for medical expenses

C) To increase the coverage amount for accidental injuries

D) To increase the premium for each completed year

E) To provide coverage for pre-existing medical conditions

Report

Q 4. What is the general guideline for determining the maximum sum insured for a personal accident policy?

A) Equivalent of 24 months' earnings

B) Equivalent of 48 months' earnings

C) Equivalent of 60 months' earnings

D) Equivalent of 72 months' earnings

E) Equivalent of 84 months' earnings

Report

Q 5. How is the sum insured determined in the Policy covering education expenses/Amartya Shiksha Yojana policy?

A) It is a fixed amount for all courses

B) It depends on the age of the student

C) It is determined by the financial institution

D) It is based on the policy premium

E) It depends on the educational expenses of a particular course

Report

Q 6. What is one of the main factors used to determine the premium for personal accident insurance?

A) Age of the insured person

B) Gender of the insured person

C) Location of the insured person's residence

D) Occupation of the insured person

E) Marital status of the insured person

Report

Q 7. How are relevant medical expenses incurred before and after hospitalization treated under the policy?

A) They are not covered under the policy

B) They are treated as a separate claim

C) They are considered part of the claim

D) They are reimbursed separately from the main claim

E) They are only covered for certain treatments

Report

Q 8. Under which plan is the coverage limit for "Loss of Checked Baggage" $1,000?

A) Plan F

B) Plan G

C) Plan H

D) Plan E

E) Plan A

Report

Q 9. Which sub-section covers medical expenses incurred in respect of disease or injury contracted during the policy period?

A) Sub-section A

B) Sub-section B

C) Sub-section C

D) Sub-section D

E) Sub-section E

Report

Q 10. How is the premium calculated for students going abroad for higher studies?

A) Premium is fixed for all age groups.

B) Premium is calculated based on the destination country.

C) Premium is calculated only based on the age group.

D) Premium is calculated based on the age group and the type of plan.

E) Premium is calculated based on the student's academic performance.

Report

Q 11. Which of the following is NOT encompassed by the cover offered under the Videsh Yatra Mitra policy?

A) Personal accident

B) Medical expenses

C) Loss of checked baggage

D) Loss of passport

E) Loss of employment

Report

Q 12. What is the main advantage of a declaration policy?

A) It provides coverage for unpredictable losses

B) It offers a complete cover for all types of properties

C) It ensures a fixed premium throughout the policy period

D) It provides an economical cover while affording full coverage

E) It guarantees a refund of the provisional premium

Report

Q 13. Which of the following is NOT covered under the modified burglary insurance policy?

A) Cash in transit from bank to insured premises for payment of wages

B) Cash in transit from the insured’s main premises to insured’s branch premises for the payment of wages

C) Cash in transit for purchase of demand drafts

D) Cash in transit from insured premises to bank/post office for purchase of luxury items

E) Cash in transit from branch premises to the insured’s main premises for the payment of wages

Report

Q 14. Commercial fidelity guarantee covers against:

A) A direct pecuniary loss caused as a result of fraud by an employee

B) A consequential loss caused as a result of fraud by an employee

C) Both A and B

D) A loss arising out of bad accountancy

E) None of the above

Report

Q 15. Which section(s) of coverage is the proposer required to include in the insurance policy?

a) Sections II and III

b) Sections I and IV

c) Sections I, II, and III

d) Sections I, III, and IV

e) All four sections are compulsory.

Report

Q 16. What type of protection devices or measures may qualify for a special discount on Section I premium?

a) Adequate lighting inside the premises

b) Decorative display cases for jewelry

c) Security cameras monitoring the premises

d) Display mannequins with jewelry

e) Window displays showcasing valuable items

Report

Q 17. What is the basis of the policy's coverage – discovery basis or occurrence basis?

a) Discovery basis

b) Occurrence basis

c) Both discovery and occurrence basis

d) It depends on the section of the policy

e) None of the above

Report

Q 18. What is NOT covered under the Sports Insurance policy?

a) Loss of or damage to personal effects and clothing in a clubhouse

b) Loss of sporting equipment during a sports event

c) Loss or damage to watches and jewelry

d) Loss of personal effects due to burglary

e) Loss of sporting equipment during transit

Report

Q 19. What is the primary purpose of the policy covered in the provided information?

a) To insure horse racing events

b) To provide coverage for horse-related accidents

c) To indemnify horse owners for the value of their horses

d) To offer liability coverage for veterinarians

e) To cover damage caused by horse activities

Report

Q 20. What is the age limit for dogs eligible for coverage under Pet Dog Insurance?

a) 2 years to 8 years

b) 2 months to 8 years

c) 2 months to 8 months

d) 1 year to 10 years

e) 6 weeks to 10 years

Report

Q 21. In reinsurance, the reinsurer usually receives a premium from the ceding company. What does this premium payment represent?

a) A fee for investment advice

b) A portion of the reinsurer's profits

c) A share of the ceding company's liabilities

d) Compensation for providing reinsurance services

e) A gift to maintain a business relationship

Report

Q 22. In the context of reinsurance, which agreement involves the ceding company reinsuring surpluses over and above its retention in terms of a formal agreement?

a) Quota share agreement

b) Surplus share agreement

c) Excess of loss agreement

d) Pool basis agreement

e) Stop loss agreement

Report

Q 23. Which of the following documents is NOT typically required to be submitted when reporting a claim under livestock insurance?

a) Complete claim form

b) Death certificate from a veterinarian

c) Post mortem report if required by the company

d) Income tax return

Report

Q 24. What is the consequence if the insured fails to disclose material facts in cattle insurance?

a) The policy will be void and the premium forfeited

b) The insured must pay an additional premium

c) The company will increase the sum insured

d) The claim amount will be reduced

Report

Q 25. In the tribal package insurance, which of the following risks is covered for huts or dwelling?

a) Fire and lightning only

b) Fire, lightning, and storm

c) Fire, lightning, natural perils, and aircraft damage

d) Fire, lightning, riot, strike, and malicious damage

Report

IC78 - Miscellaneous insurance Exam

IC78 - Miscellaneous insurance Exam

Q 1. What is the primary focus of personal accident insurance?

Q 2. What is the primary factor that determines the compensation payable under the personal accident policy?

Q 3. What is the purpose of the cumulative bonus in personal accident insurance?

Q 4. What is the general guideline for determining the maximum sum insured for a personal accident policy?

Q 5. How is the sum insured determined in the Policy covering education expenses/Amartya Shiksha Yojana policy?

Q 6. What is one of the main factors used to determine the premium for personal accident insurance?

Q 7. How are relevant medical expenses incurred before and after hospitalization treated under the policy?

Q 8. Under which plan is the coverage limit for "Loss of Checked Baggage" $1,000?

Q 9. Which sub-section covers medical expenses incurred in respect of disease or injury contracted during the policy period?

Q 10. How is the premium calculated for students going abroad for higher studies?

Q 11. Which of the following is NOT encompassed by the cover offered under the Videsh Yatra Mitra policy?

Q 12. What is the main advantage of a declaration policy?

Q 13. Which of the following is NOT covered under the modified burglary insurance policy?

Q 14. Commercial fidelity guarantee covers against:

Q 15. Which section(s) of coverage is the proposer required to include in the insurance policy?

Q 16. What type of protection devices or measures may qualify for a special discount on Section I premium?

Q 17. What is the basis of the policy's coverage – discovery basis or occurrence basis?

Q 18. What is NOT covered under the Sports Insurance policy?

Q 19. What is the primary purpose of the policy covered in the provided information?

Q 20. What is the age limit for dogs eligible for coverage under Pet Dog Insurance?

Q 21. In reinsurance, the reinsurer usually receives a premium from the ceding company. What does this premium payment represent?

Q 22. In the context of reinsurance, which agreement involves the ceding company reinsuring surpluses over and above its retention in terms of a formal agreement?

Q 23. Which of the following documents is NOT typically required to be submitted when reporting a claim under livestock insurance?

Q 24. What is the consequence if the insured fails to disclose material facts in cattle insurance?

Q 25. In the tribal package insurance, which of the following risks is covered for huts or dwelling?

Jump to Question

Jump to Ques.

Enter Mobile Number to Login