IC27 HEALTH INSURANCE EXAM – 14

Que. 1 : Q1) Disability benefit or income protection policies pay for

   1.  a) disability arising out of sickness

   2.  b) disability arising out of sickness / accident

   3.  c) disability arising out of employment injuries

   4.  d) hospitalization only for injuries

Que. 2 : Q2) The underwriting process is completed when ______________

   1.  a) All the critical information related to the health and personal details of the proposer are collected through the proposal form

   2.  b) The policy is issued to the proposer after risk selection and pricing.

   3.  c) The received information is carefully assessed and classified into appropriate risk categories

   4.  d) All the medical examinations and tests of the proposer are completed

Que. 3 : Q3) When a policy holder has a complaint to make, he/she must approach

   1.  a) Grievance Redressal cell of the IRDA

   2.  b) Consumer Complaints cell of the insurer

   3.  c) Insurance ombudsman

   4.  d) Civil or Criminal court

Que. 4 : Q4) Suraj wants to save tax over and above the deduction allowed under section 80C of the Income Tax Act 1961, which allow deduction from taxable income. Which other instrument he could consider?

   1.  a) Corporate Bond

   2.  b) Health Insurance

   3.  c) Shares

   4.  d) Term Insurance

Que. 5 : Q5) Who cannot be covered under a family floater policy?

   1.  a) Children

   2.  b) Spouse

   3.  c) Parents-in-law

   4.  d) Maternal uncle

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