Q 1. What does a referral arrangement allow ?
Q 2. The jurisdiction of the GRA will not cover ________ .
Q 3. In case of revival of a lapsed policy the contract is treated as _______ .
Q 4. A claims equalization reserve is set up to ________ .
Q 5. What is the cap on charges for policy administration?
Q 6. Which intermediary has to maintain a professional indemnity insurance?
Q 7. In unit linked policies how is the minimum health cover calculated ?
Q 8. The license for a surveyor is valid for _____ .
Q 9. The law commission has recommended a period of 5 years after which a policy cannot be repudiated. However IRDA has stipulated -
Q 10. The objective of the ' Key feature document ' is __________ .
Q 11. Appeal in the National Commission can be made subject to deposit of _______ of the amount awarded or 50% whichever is less.
Q 12. What is Switching Charge ?
Q 13. In Regular Premium (RP) contracts, what is the minimum annual health cover for age at entry above 45 years ?
Q 14. In 1956, the life insurance business was nationalised and the operations of companies were merged to form __________ .
Q 15. Appeal against the District forum award can be made to the State Commission, subject to deposit of _______ of the amount awarded or 50% whichever is less.
Q 16. GIC underwrites ___________ business in civil aviation and crop insurance.
Q 17. Premium received in advance not relating to the current accounting period to be disclosed separately under the head _________ .
Q 18. _______ is a Micro Insurance product.
Q 19. The maximum loan amount that can be sanctioned for any ULIP policy having more than 60% of its funds invested in equities is ______ of the policy's surrender value.
Q 20. The temporary insurance certificate issued to the customer before issuing the insurance policy is known as _________ .
Q 21. __________ is issued immediately as a conclusive evidence that the insurer has received the assignment request by the policyholder.
Q 22. The TPA has to submit the annual report within _____ days at the end of the financial year, to the insurance company
Q 23. If the premiums have been paid for 5 years since inception, the maximum reduction in yield (difference between Gross and Net yield % pa ) is ____ %.
Q 24. Insurance Association of India has ______ councils.
Q 25. In case of Whole Life Plans, lower the age of entry, the minimum sum assured will be ___________ .
