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Category: IC02 PRACTICE OF LIFE INSURANCE – 24

IC02 PRACTICE OF LIFE INSURANCE – 24

Que. 1 : Q1) From the following options which one is significant to assess the risk for an Underwriter

   1.  a) Reports of the agent

   2.  b) Medical Examiner report

   3.  c) Statements made by the proposer in the proposal form

   4.  d) All of the above

Que. 2 : Q2) Which of the following persons may be accepted with an extra premium?

   1.  a) Divorced Man

   2.  b) Partially Handicapped Persons

   3.  c) Children

   4.  d) Married Women

Que. 3 : Q3) Insurance companies can increase the premium amount due to changes in ______________.

   1.  a) mortality

   2.  b) foreign exchange rates

   3.  c) IRDAI rules

   4.  d) Company policy

Que. 4 : Q4) In what way do insurance companies allow modifications or alterations to the original policy documents ?

   1.  a) By way of written letter

   2.  b) By way of surrender

   3.  c) By way of endorsement

   4.  d) By way of cancellation

Que. 5 : Q5) Amongst the options given below, which is the simplest form of securing an individual and / or a family from financial difficulties ?

   1.  a) Mutual Funds

   2.  b) Safe Deposits

   3.  c) Life Insurance

   4.  d) Pension Planning