IC11 PRACTICE OF GENERAL INSURANCE EXAM - 44
Que. 1 : Q1) In the event of death of sole insured under a motor policy the policy will remain valid for a period of ___ months from the date of death of the insured or until the expiry of the policy ( whichever is earlier)
1. a) 3 months
2. b) 6 months
3. c) 9 months
4. d) 12 moths
Que. 2 : Q2) To whom are long term insurance policies suitable ?
1. a) Retail customers
2. b) Corporate customers
3. c) Rural low income customers
4. d) Multinational customers
Que. 3 : Q3) As per the Insurance Act, the___________may, by rules, relax the requirements in respect of advance payment of premium.
1. a) IRDAI
2. b) Central Government
3. c) State Government
4. d) SEBI
Que. 4 : Q4) Which of the following is True under maternity benefit extension? (1) The benefits are admissible only if expenses are incurred in hospital / Nursing home as in patients. (2) Pre-natal and post - natal expenses are admissible if admitted in hospital / Nursing home for treatment
1. a) Statement 1 is True
2. b) Statement 2 is True
3. c) Both are true
4. d) Both are false
Que. 5 : Q5) Which of the following statements is True?(1) Insurance is a method of sharing the losses of a few by the many.(2) Insurance is a method of transferring the risk of an individual to a group of individuals
1. a) Only Statement 1
2. b) Only Statement 2
3. c) Both Statements
4. d) Neither of the Statements