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Category: IC83 GROUP INSURANCE – 02

IC83 GROUP INSURANCE – 02

Que. 1 : Q1) Which benefit fall within maximum emerging benefits?

   1.  a) Concept

   2.  b) Cost

   3.  c) Rate of benefit accrual

   4.  d) Commutation

Que. 2 : Q2) An employee’s spouse and children can also be covered under the group life insurance scheme and this is often called as _____________ and coverage levels are generally lower than for the employees.

   1.  a) Evidence of Insurability

   2.  b) OYRGTA

   3.  c) Riders

   4.  d) Dependent Insurance

Que. 3 : Q3) Identify the true statement
A. EPFO Provides social security to the organised work force of the country.
B. EPFO’s investment philosophy is “Hold till Maturity”.

   1.  a) Only I is true

   2.  b) Only II is true

   3.  c) Both I and II are true

   4.  d) Neither I or II are ture

Que. 4 : Q4) In the NPS investor is identified by

   1.  a) NPS number

   2.  b) PRAN

   3.  c) Folio Number

   4.  

Que. 5 : Q5) In the Indian Context, ______________ is a comprehensive approach designed to prevent deprivation, assure the individual of a basic minimum income for himself and his dependents and to protect the individual from any uncertainties.

   1.  a) Social security

   2.  b) Superannuation

   3.  c) Pension scheme

   4.  d) Public Provident Fund