Que. 1 : Q1) For Non Life Micro Insurance Products, What should be the minimum number of members comprising a group?
1. a) 20
2. b) 15
3. c) 10
4. d) 30
Que. 2 : Q2) Free Look Option has to be exercised with in how many days?
1. a) 15 days
2. b) 30 days
3. c) 10 days
4. d) 60 days
Que. 3 : Q3) What is a Shell Company?
1. a) Oil Refineries at National levels
2. b) Oil Companies at International levels
3. c) A company having no real business at all
4. d) A company without any promoters capital
Que. 4 : Q4) With respect to minimum mortality cover calculations, PT means __________.
1. a) Payment Tenure
2. b) Policy Term
3. c) Policy terminology
4. d) Policy termination
Que. 5 : Q5) In case of Whole Life Plans, lower the age of entry, the minimum sum assured will be____________.
1. a) Lower
2. b) Higher
3. c) SA does not depend on age of entry
4. d) Either 1 or 2
