IC14 REGULATION OF INSURANCE BUSINESS - 07
| Q1.In linked products what are the options of a policyholder during the first 5 years? |
| Complete withdrawal from the policy without any risk cover |
| Revive the policy within a period of two years |
| Revive the policy within 5 years |
| Both 1 and 2 |
| Both 2 and 3 |
| Q2.____ is the act of changing the appearance of money that comes from illegitimate sources so that it appears legitimate money. |
| Insider trading |
| ADRs and GDRs |
| Shell Companies |
| Structured Deposits |
| Money laundering |
| Q3.The insurers domiciled or incorporated outside India are called ____. |
| Foreign Insurers |
| Associate Members |
| Members |
| Council |
| Executive Committee |
| Q4.As per the investment guidelines of IRDA, the investment of premium received in Government securities should not be less than __. |
| 10% |
| 20% |
| 30% |
| 40% |
| 50% |
| Q5.The maximum time which can be taken by a life insurer to settle a claim under the policy it receives with all necessary papers is __ days |
| 10 |
| 30 |
| 45 |
| 60 |
| 90 |
| Q6.In Single Premium (SP) contracts, the minimum sum assured for age at entry of below _ years is 125% of single premium |
| 40 |
| 45 |
| 50 |
| 55 |
| 60 |
| Q7.IRDAI regulates the percentage of Life Insurance and __ in the rural sector. |
| Motor Insurance |
| General Insurance |
| Re-Insurance |
| Property Insurance |
| Fire Insurance |
| Q8.CFT stands for ___. |
| Coalition for Terrorism |
| Coalition Financing for Terrorism |
| Countering for Terrorism |
| Countering Financing for Terrorism |
| Cash for Terrorism |
| Q9.In Regular Premium (RP) contracts, the minimum health cover for age at entry of below 45 years is ___. |
| 2.5 times Annualized Premium (AP) or Rs 150000 whichever is lower |
| 7.5 times Annualized Premium (AP) or Rs 25000 whichever is higher |
| 5 times Annualized Premium (AP) or Rs 75000 whichever is higher |
| 2 times Annualized Premium (AP) or Rs 75000 whichever is higher |
| 5 times Annualized Premium (AP) or Rs 100000 whichever is higher |
| Q10.The insurer will charge a fee not exceeding __ to act on an assignment request. |
| Rs 1 |
| Rs 5 |
| Rs 100 |
| Rs 500 |
| Rs 1000 |