IC38 - HEALTH INSURANCE AGENT EXAM - 21
| Q1.Which of the following statements about Critical Illness products is False? |
| a) They provide insurance against dreaded diseases such as cancer, heart attack, Renal failure, etc |
| b) They cover the actual cost of treatment related to critical illness |
| c) They are available as standalone products or as a packaged health insurance product |
| d) They Provide for High Sum Insured limits with lump-sum payouts |
| Q2.Who among the Following, is Notand nbsp; included in the Definition of 'Consumer', as per Consumer Protection (Amendment) Act, 2002? |
| a) Any Person, who buys Any Goods, for a consideration; and includes Any User of such Goods. |
| b) Any Person, who hires or avails of Any Services, for a Consideration. |
| c) Any Person, who avails Any Service; and is also the Beneficiary of that Service. |
| d) A Person, who obtains the Goods, for Re-Sale or for Any Commercial Purpose. |
| Q3.Which of the below is not a valid consideration for a contract? |
| a) Money |
| b) Property |
| c) Bribe |
| d) Jewellery |
| Q4.Which One of the Following, is Notand nbsp; a Know-Your-Customer (K.Y.C.) Document? |
| a) Photograph |
| b) Age-Proof |
| c) Address-Proof |
| d) Horoscope |
| Q5.The cover note in motor insurance contains the following details EXCEPT: |
| a) Name and address of the insured |
| b) Date of expiry of the insurance |
| c) Nature of job of the insured |
| d) Registration, Engine and chassis numbers |
| Q6.Rajesh has taken out an individual health insurance policy with a sum insured of Rs.1,00,000. Rajesh also has a health cover of Rs.1,00,000 from his employer. Rajesh falls ill and has to be hospitalized, resulting in a hospital bill of Rs. 25,000. |
| a) Rajesh will get a total claim of Rs 25,000 |
| b) Rajesh will get a total claim of Rs 50,000 |
| c) Rajesh will not get a claim since an Individual cannot take more than one health insurance policy |
| d) Rajesh will get a claim of Rs 1 lakh |
| Q7.Money-Laundering is the Process of Bringing____ Money, into an Economy, by Hiding its__ Origin, so that, it appears to be Legally Acquired. |
| a) Illegal, Illegal |
| b) Legal, Legal |
| c) Illegal, Legal |
| d) Legal, Illegal |
| Q8.A cover note shows |
| a) a list of the insureds that the broker wishes insurers to add to the risk. |
| b) a list of marine cargo shipments being declared by the insured for the insurer's approval. |
| c) the agreed terms, rate, conditions, and insurers subscribing to a risk. |
| d) a list of the insurers that the broker wishes to subscribe to a risk. |
| Q9.Which of the following statements is true?(1) Insurance is a method of sharing the losses of a few by the many. (2) Insurance is a method of transferring the risk of an individual to a group of individuals |
| a) Only Statement 1 |
| b) Only Statement 2 |
| c) Both Statements |
| d) Neither of the Statements |
| Q10.Which One of the Following, is Notand nbsp;a Common Exclusion of Disablement, arising from: (a) Self-Injury or Suicide. (b) War and Allied Perils. (c) Accident, while Under Influence of Alcohol or Drugs. (d) Accident, while On-Duty. |
| a) Only Option-(a) is Correct. |
| b) Only Option-(b) is Correct. |
| c) the Only Option-(c) is Correct. |
| d) Only Option-(d) is Correct. |