IC38 - HEALTH INSURANCE AGENT EXAM - 08
| Q1.Identify the True Statement: I. The Morbidity-Premiums for Infants and Children are Higher Than the Young Adults, due to Increased Risk of Infections and Accidents. II. The Morbidity-Premiums for the Adults, Beyond the Age of 45 Years, is Higher, as, the Probability of an Individual, suffering from a Chronic Ailment, like Diabetes, is Much Higher. |
| a) Only Statement-I is True. |
| b) Only Statement-II is True. |
| c) Both: Statement-I and Statement-II, are True. |
| d) Both: Statement-I and Statement-II, are False. |
| Q2.Which of The Following is NOT covered under Burglary (Business Premises) Policy? |
| a) Theft After forcible entry |
| b) Damage to insured goods by burglars |
| c) Damage to premises by burglars |
| d) Theft by employees, family members or other persons who are lawfully on the premises |
| Q3.As per Mediclaim policy, Statement 1,) Expenses on Hospitalization for a minimum period of 24 hours are admissible. Statement 2) This time limit is not applied if the insured is discharged the same day after specific treatment e.g. Dialysis. |
| a) Statement 1 is True |
| b) Statement 2 is True |
| c) Both are true |
| d) Both are false |
| Q4.--- need to be mentioned in the Agent's Report. Choose the Most Appropriate Option. |
| a) Matters of Health, Habits and Occupation, Income and Family Details |
| b) Matters, Related to the Heart |
| c) Matters, Related to Current Affairs |
| d) Matters, Related to Personal Ambitions |
| Q 5. Which of the following principles prevents an insured from making a profit out of his loss? |
| a) Proximate cause |
| b) Pro-rata average |
| c) Indemnity |
| d) Insurable Interest |
| Q6.Which of the following is true in case of an Inferior Risk? |
| a) It gets lower discounts |
| b) Premium rate doesn't depend on the risk |
| c) Premium rates are constant and Predefined |
| d) It attracts a Higher premium rate |
| Q7.Which of the Following Statements, is/are True, with Regard to Premium? I. According to Section 64 VB of Insurance Act, 1938, Premium is to be Paid In-Advance, Before the Start of the Insurance-Cover. II. This Section is a Special Feature of the Non-Life Insurance Industry in India. |
| a) Only Statement-I is True. |
| b) Only Statement-II is True. |
| c) Both: Statement-I and Statement-II, are True. |
| d) Both: Statement-I and Statement-II, are False. |
| Q8.Which of the following statements is true? Domiciliary hospitalization benefit does not include (1) Pre- hospitalization treatment (2) Post -Hospitalization treatment |
| a) Statement 1 is True |
| b) Statement 2 is True |
| c) Both are true |
| d) Both are false |
| Q 9.Which among the following cannot be an element in a valid insurance contract? |
| a) Offer and acceptance |
| b) Coercion |
| c) Consideration |
| d) Legality |
| Q10.How does insurance help in easing access to credit? |
| a) Insurer provides free credit |
| b) Banks lend easily if an application is backed by insurance |
| c) Person who can pay insurance is assumed to be creditworthy |
| d) Regulations mandate provision of credit to the insured |
