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Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 17

IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 17

Que. 1 : Q1) The Authority or an officer authorised by it in this behalf shall, in the manner determined by the regulations made by it and on payment of the fee determined by the regulations, which shall not be more than __________ issue to any person making an application in the manner determined by the regulations.

   1.  a) 200 rupees

   2.  b) 250 rupees

   3.  c) 350 rupees

   4.  d) 400 rupees

Que. 2 : Q2) Which of the following is not correct about Nomination of the person?

   1.  a) When effecting the policy

   2.  b) After the death of the policyholder

   3.  c) At any time before the policy matures for payment

   4.  d) All of the above

Que. 3 : Q3) To avail benefit from accident benefit clause, the accident should be caused by ___________

   1.  a) Inward violent and invisible means

   2.  b) Inward violent and visible means

   3.  c) Outward violent and invisible means

   4.  d) Outward violent and visible means

Que. 4 : Q4) Any requests for information sought under the RTI have to be disposed of by the CPIO SPIO within _______

   1.  a) 30 days

   2.  b) 15 days

   3.  c) 7 days

   4.  d) 3 days

Que. 5 : Q5) Which of the below is not an appropriate example of group insurance?

   1.  a) Employer buying insurance for its employees

   2.  b) Lawyer’s association buying insurance for its members

   3.  c) A shopping mall buying insurance for its customers

   4.  d) A bank buying insurance for its account holders