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Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 44

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 44

Que. 1 : Q1) In the event of death of sole insured under a motor policy the policy will remain valid for a period of ___ months from the date of death of the insured or until the expiry of the policy ( whichever is earlier)

   1.  a) 3 months

   2.  b) 6 months

   3.  c) 9 months

   4.  d) 12 moths

Que. 2 : Q2) To whom are long term insurance policies suitable ?

   1.  a) Retail customers

   2.  b) Corporate customers

   3.  c) Rural low income customers

   4.  d) Multinational customers

Que. 3 : Q3) As per the Insurance Act, the___________may, by rules, relax the requirements in respect of advance payment of premium.

   1.  a) IRDAI

   2.  b) Central Government

   3.  c) State Government

   4.  d) SEBI

Que. 4 : Q4) Which of the following is True under maternity benefit extension? (1) The benefits are admissible only if expenses are incurred in hospital / Nursing home as in patients. (2) Pre-natal and post – natal expenses are admissible if admitted in hospital / Nursing home for treatment

   1.  a) Statement 1 is True

   2.  b) Statement 2 is True

   3.  c) Both are true

   4.  d) Both are false

Que. 5 : Q5) 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

   1.  a) Only Statement 1

   2.  b) Only Statement 2

   3.  c) Both Statements

   4.  d) Neither of the Statements