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Category: IC02 PRACTICE OF LIFE INSURANCE – 04

IC02 PRACTICE OF LIFE INSURANCE – 04

Que. 1 : Q1) Date of Birth is 10 Oct 1976. Date of commencement of the Insurance Plan is 11th Aug 2010. Calculate AGE as per age nearest birth day method.

   1.  a) 33 years

   2.  b) 33 years 3 months

   3.  c) 32 years 10 months

   4.  d) 34 years

Que. 2 : Q2) On which type of plans is the deferment period applicable ?

   1.  a) Unit linked insurance plans

   2.  b) Mutual Funds

   3.  c) Joint life plans

   4.  d) Children plans

Que. 3 : Q3) What is a potential purchaser of a product called ?

   1.  a) Candidate

   2.  b) Prospect

   3.  c) Client

   4.  d) Consumer

Que. 4 : Q4) Which process assesses the risk proposed to be insured?

   1.  a) Underwriting

   2.  b) Claims

   3.  c) Application

   4.  d) Contract

Que. 5 : Q5) Under a policy taken out as per Married Women’s Property (MWP) act, the proposer has to ________, to effect the assurance.

   1.  a) give benefits to multiple parties

   2.  b) complete the addendum

   3.  c) define a class action for all parties

   4.  d) submit an affidavit