IC22 Mock Test Sample 8
These questions cover key concepts of life insurance underwriting, medical knowledge, and risk assessment. Residential risk depends on duration of stay, while extra mortality applies to sub-standard lives. Digestive symptoms like heartburn and dysphagia are important indicators. High morbidity risk may lead to policy rejection or postponement. Underwriters rely on proposal forms, medical reports, and agent reports for risk evaluation. Blood circulates through the heart and vessels, and pancreas releases lipase for digestion. Insurance mainly replaces income loss. BUN means Blood Urea Nitrogen. Diabetes types, thyroid functions, and cardiovascular diseases are crucial medical considerations. Reinsurance agreements and KYC norms support underwriting decisions and risk management effectively.
1. Which factor will determine the exposure of an individual to residential risk in life insurance?
a) Duration of the stay
b) Quality of lifestyle
c) Source of income
d) Appetite of an individual
2. While underwriting the insurance cover, the concept of extra mortality is applied in the case of_______.
a) Standard lives
b) Sub-standard lives
c) Highly sub-standard lives
d) Totally sub-standard lives
3. Which of the following are the common terminology and investigations of the digestive tract?
a) Heartburn
b) Hematemesis
c) Dysphagia
d) Jaundice
4. If in a life insurance proposal, the morbidity risk is high, then what will be the decision of the insurance company?
a) Issue the cover with extra premium
b) Exclude critical illness riders and issue base cover
c) Reject the policy
d) Postpone the cover
5. The source from which underwriters can gather information for assessing risk is:
a) Agent's report
b) Proposal form
c) Medical report
d) Inspection report
6. Blood is the life maintaining fluid that circulates through_____.
a) Heart, arteries and veins
b) Arteries and veins
c) Heart, arteries, veins and capillaries
d) Arteries, veins and capillaries
7. Which among the following diagnostic procedures are considered for nervous system disorders?
a) Electroencephalogram
b) Magnetic resonance imaging
c) Positron emission tomography
d) Electro diagnostic tests
8. Which of the following part of the digestive system releases the lipase enzyme?
a) Liver
b) Small intestine
c) Pancreas
d) Stomach
9. A common reason to purchase the personal insurance cover is to____.
a) Replace income of the deceased
b) Save income
c) Minimize expenses
d) Avoid taxes
10. Here “BUN” stands for?
a) Both urea and nitrogen
b) Blood urea nitrogen
c) Blood in urine with nitrogen
d) Blood urea normal
11. Type 1 diabetes in an individual is also known as_____.
a) Insulin dependent diabetes
b) Immune mediated diabetes
c) Juvenile-onset diabetes
d) Anyone of the above
12. Which of the following serve as part of due diligence process?
a) KYC norms
b) Proposal form
c) Data verification
d) IRDA guidelines
13. Risk low initially but increases later is known as ______.
a) Constant extra risk
b) Standard risk
c) Sub-standard risk
d) Increasing extra risk
14. The Life Insurance application process begins with____.
a) Verifying data
b) Generating quote
c) Submission of proposal form
d) Medical examination
15. Which are NOT long-term complications of Type 2 diabetes?
a) Kidney disease
b) Nerve disease
c) Eye disease
d) Circulatory disease
16. Which bodily function is regulated by thyroid hormones?
a) Body temperature
b) Metabolism
c) Digestion
d) Urination
17. On which agreement does reinsurer pay claims to insurer?
a) Reinsurance treaty
b) Insurance contract
c) Reinsurance cession
d) Only (a) & (c)
18. Which type of diabetes is known as late-onset diabetes?
a) Type 2 diabetes
b) Type 1 diabetes
c) Gestational diabetes
d) Diabetes mellitus
19. Which cardiovascular disease is caused by clogging of arteries?
a) Valvular heart disease
b) Congenital heart disease
c) Coronary artery disease
d) Peripheral artery disease
20. Which kidney disease is hereditary?
a) Kidney stones
b) Polycystic kidney disease
c) Diabetic nephropathy
d) Renal cell carcinoma
