IC14 REGULATION OF INSURANCE BUSINESS - 09
| Q1.Those nominees who are alive on the date of the death of the life assured only will get the ____. |
| Gross money |
| Policy money |
| Whole money |
| Net money |
| Lump-sum money |
| Q2.Its the duty of every insurer to inform and keep informed periodically of the insured on the requirements to be fulfilled by the insured regarding lodging of a ____ arising in terms of the policy and the procedures to be followed by him/her to enable the insurer to settle a claim easily. |
| question |
| query |
| claim |
| complaint |
| feedback |
| Q3.The cover premium charges in case of ULIPs is dependent on ____. |
| Policy plan agreement |
| Unit |
| Premium |
| Age |
| Discount in premium involved |
| Q4.Who can the complaint be under the pre-requisite conditions? |
| The Insurer |
| An aggrieved individual who has taken an insurance policy |
| Proposer |
| The Policyholders collector |
| Discount in premium involved |
| Q5.As per the 'Protection of Policyholders interests guidelines, the Maximum Turn Around Time specified for Post policy issue service requests concerning mistakes/refund of proposal deposit is __. |
| 2 days |
| 5 days |
| 7 days |
| 10 days |
| 15 days |
| Q6.__ does not come under the preview of IRDAI. |
| Adequate information about products and services |
| Setting minimum and maximum service charges |
| Funding long term growth of the insurance industry |
| Enforcing transparency and efficiency in working |
| Speedy settlement of claims |
| Q7.The full form of ACR is ___. |
| Annual CA's Reports |
| Annually Collected Revenue |
| Alternate Conflict Resolution |
| Association for Consumer Relations |
| Annual Confidential Reports |
| Q8.___ is a pre-requisite condition for lodging a complaint. |
| The total relief sought must be within an amount of Rs 20 lakh |
| The subject matter of the complaint should not currently be or have earlier been before a Court/consumer forum |
| The complaint must be by an individual on a personal lines insurance and within the terms of reference of the Insurance Ombudsman |
| All of the above |
| None of the above |
| Q 9.__ deals with the disputes between insurer and insurer. |
| Consumer commission |
| Grievance Cell |
| Grievance Redressal Authority |
| Consumer councils |
| Consumer groups |
| Q10.The books of accounts of insurance companies have to be maintained as per the guidelines of ___. |
| RBI |
| Insurance company's head office |
| IRDAI |
| Insurance regulating bodies |
| Ministry of corporate affairs |