SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 76. What does a life insurance policyholder receive upon purchasing the policy?
- A loan
- A premium
- An insurance policy
- A free health check-up
Q 77. What type of life insurance stays active as long as premiums are paid?
- Term Insurance
- Endowment Insurance
- Whole Life Insurance
- Accidental Cover Policy
Q 78. What does motor insurance cover?
- Medical expenses
- Property damage
- Vehicles like cars and trucks
- Life insurance policies
Q 79. What is the primary purpose of health insurance?
- To save for retirement
- To invest in stocks
- To cover medical and surgical expenses
- To pay for travel expenses
Q 80. What is required to receive a pension?
- Opening a new bank account
- Transferring to another bank
- Submitting a 'Life Certificate' each November
- Buying an insurance policy
Q 81. What does the National Pension System (NPS) aim to do?
- Promote car insurance
- Provide health insurance to all citizens
- Encourage saving for retirement
- Fund property purchases
Q 82. What is the role of the Pension Fund Regulatory and Development Authority (PFRDA)?
- To regulate car insurance
- To develop pension schemes
- To handle travel insurance claims
- To promote estate planning
Q 83. Which investment option under NPS is considered high risk and high return?
- Government Securities (G)
- Corporate Bonds (C)
- Equity (E)
- Life Insurance
Q 84. What is a general power of attorney?
- Limited authority for specific transactions
- Unlimited authority to act on behalf of the principal
- A retirement savings account
- A financial advisor's contract
Q 85. What documents are needed to transfer assets if a person dies without a Will?
- Death certificate and legal heir's certificate
- Power of attorney
- Insurance policy
- Bank statement