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Category: IC02 PRACTICE OF LIFE INSURANCE – 08

IC02 PRACTICE OF LIFE INSURANCE – 08

Que. 1 : Q1) _______ is the additional amount that can be paid by an individual to increase his investment contribution

   1.  a) Premium

   2.  b) Sum Assured

   3.  c) Top Up

   4.  d) Insured Amount

Que. 2 : Q2) Mr. Gautam has bought a term insurance policy for a period of 25 years. When can the insurance company can ask Mr. Gautam for proof of continued good health ?

   1.  a) When Mrs Gautam changes his occupation

   2.  b) At the time of survival benefit

   3.  c) At the time of revival

   4.  d) When ever the policy riders are changes

Que. 3 : Q3) What is the term used for Policy Document which covers members under a group policy?

   1.  a) Social Security Policy

   2.  b) Group Policy

   3.  c) Master Policy

   4.  d) Social Policy

Que. 4 : Q4) EDLI stands for :

   1.  a)  Employees‘ Dividend Linked Insurance

   2.  b)  Employees‘ Deposit Liability Insurance

   3.  c)  Employees‘ Deposit Linked Insurance

   4.  d)  Employees’ Dividend Liability Insurance

Que. 5 : Q5) Which of the following terms is dissimilar to the other four in the context of death claims in life insurance?

   1.  a) Early claims

   2.  b) Deeds of Assignment

   3.  c) Foreclosure

   4.  d) Claimant’s statement