IC22 LIFE INSURANCE UNDERWRITING EXAM -16
| Q1.This Is Done In Cases, Where The Mortality Risk Is Of A Kind That May Reduce With The Passage Of Time. |
| Take A Decision On The Risk |
| Postpone The Risk |
| Accept The Risk With Special Terms |
| Decline The Risk |
| all of the above |
| Q2.What can be the principal aim of the treatment of diabetes in an individual? |
| Normalize blood sugar level. |
| Treat comorbid cardiovascular risk. |
| Reverse the diabetes symptoms. |
| Both (a) & (b) |
| Both (a) & (c) |
| Q3.Which part of the nervous system controls the voluntary actions of bones and joints? |
| Somatic nervous system. |
| Autonomic nervous system. |
| Central nervous system. |
| Complex nervous system. |
| Peripheral nervous system. |
| Q4.Abnormal growth of the thyroid gland can be in the form of____. (i) Multiple swelling. (ii) Localized selling. (iii) Abnormal swelling. (iv) Isolated swelling. |
| Only (ii)&(iii) |
| Only (iii)&(iv) |
| Only (i)&(ii) |
| Only (i),(ii)&(iii) |
| Only (ii),(iii)&(iv) |
| Q5.Hereditary genetic disorders in which blood doesn’t clot normally. |
| Haemophilia. |
| Monocytes. |
| Leukemia. |
| Basophils. |
| Lymphoblast. |
| Q6.Non-medical / medical grids are generally a function of- (i) Age. (ii) Sum assured. (iii) Product. (iv) Income. |
| Only (i)&(ii) |
| Only (i)&(iv) |
| Only (i),(ii)&(iii) |
| Only (i),(ii)&(iv) |
| All (i),(ii),(iii)&(iv) |
| Q7.How the insurance cover amount is calculated for the policies sourced through HUF? |
| The total income of HUF is considered. |
| A multiple of 10 is applied to the income of HUF. |
| The total property and income of Karta are calculated. |
| Total income is multiplied by the family members of HUF. |
| None of the above. |
| Q8.______Is The Reinsurance Co That Transfers The Risk To Another Reinsurer_ |
| Retrocession |
| Retention Limit |
| Retrocedant |
| Cedant |
| none |
| Q9.Which is the spongy material in the center of the bone that produces about 95 percent of the body blood cells? |
| Bone marrow |
| Lymph nodes. |
| Spleen. |
| Vessels. |
| Liver. |
| Q10.Which of the following statement is not true regarding the medical-sum-at-risk in life insurance? |
| MSAR does not include the amount of insurance with other insurance companies within the period of 24 months preceding. |
| The medical test requirements for the prospect will be based on the medical-sum-at-risk that has been calculated. |
| MSAR covers the total sum assured existing and proposed with all the insurance companies and is not restricted only to the companies the client is applying for. |
| Medical-sum-at-risk excludes the sum assured of ‘waiver of premium benefits rider’ and ‘accident benefit rider’. |
| It should be noted that underwriting is also done during the revival of lapsed policies based on specific rules applicable at that point. |
