Menu Close

Category: IC23 APPLICATIONS OF LIFE INSURANCE – 23

IC23 APPLICATIONS OF LIFE INSURANCE – 23

Que. 1 : Q1) Which unit linked funds are popular unit linked funds because they invest in a mixture of UK and overseas shares, property, fixed interest securities and cash deposits?

   1.  a) Specialist funds

   2.  b) Tracker funds

   3.  c) Managed funds

   4.  d) Lifestyle funds

Que. 2 : Q2) Estate planning helps to:

   1.  a) Discourage certain types of conduct

   2.  b) Reduce or eliminate estate and generation-skipping taxes

   3.  c) Make sure that assets are transferred to the intended beneficiaries

   4.  d) All of the above

Que. 3 : Q3) Which reinsurance accounts for this type of business are normally rendered on an “Account year basis” and the premiums are usually shown at original gross rates and the reinsurance commission rate is then applied?

   1.  a) Fire and accident proportional reinsurance

   2.  b) Marine proportional reinsurance

   3.  

   4.  

Que. 4 : Q4) The schedule in the policy document also mention which of the following specific particulars of the policy?

   1.  a) Policy number

   2.  b) Date of last payment of premium

   3.  c) Sum assured

   4.  d) All of the above

Que. 5 : Q5) Identify the correct full form of SEWA.

   1.  a) Self Earning women’s Association

   2.  b) Self Employed women’s Association

   3.  c) Self Employed Workers Association

   4.  d) Steps for Everyone’s Well-being Association