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Category: IC83 GROUP INSURANCE – 17

IC83 GROUP INSURANCE – 17

Que. 1 : Q1) Which means an amount, if any, that becomes payable in case of surrender in accordance with the terms and conditions of the policy?

   1.  a) Maturity value

   2.  b) Death value

   3.  c) Surrender value

   4.  d) Bonus value

Que. 2 : Q2) Which policy is to cover the entire group of insured and the stamping is down taking into cognizance the benefit offered but not only the sum assured?

   1.  a) Documentation

   2.  b) Master policy

   3.  c) Commission

   4.  d) Reinsurance

Que. 3 : Q3) Which refers to actuarial liability and for computation future projected salary has to be taken but service up to valuation date only?

   1.  a) Fair value of plan Assets

   2.  b) Past Service Cost

   3.  c) Present Value of Obligation

   4.  d) Current service cost

Que. 4 : Q4) In case of _________, the reinsurer’s experience will not be as credible as that of the insurers since many fewer lives are reinsured.

   1.  a) Surplus arrangement

   2.  b) Catastrophe cover

   3.  c) Quota Share Arrangement

   4.  d) Stop loss Reinsurance

Que. 5 : Q5) A person can have maximum of ______________ PPF accounts in his/her name at different places in India?

   1.  a) 1

   2.  b) 2

   3.  c) 3

   4.  d) 5