Q 1. What is an endorsement in insurance?
Q 2. What does risk reduction involve?
Q 3. What are the majority of consumer disputes related to insurance business?
Q 4. During the Free-look period, if the policyholder, who has bought a policy through an Agent, disagrees to any of its terms and conditions, he/ she can return it and get a refund subject to the following conditions:
Q 5. What is the importance of customer service in the insurance industry?
Q 6. What is meant by "consensus ad-idem" in a contract?
Q 7. In India, which type of insurance is mandatory if one wants to drive on a public road?
Q 8. Which of the below cannot be categorized under risk?
Q 9. What does Section 39 of the Act pertain to?
Q 10. What is underinsurance?
Q 11. What is the purpose of hospitalization indemnity products?
Q 12. What is the purpose of standardizing definitions in health insurance?
Q 13. What is the rate of interest used in the HLV calculation?
Q 14. How is a product defined in popular terms?
Q 15. Which of the following is a key benefit of term life insurance?
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Q 16. What are the skills required for active listening?
Q 17. In which types of insurance are deductibles mostly used?
Q 18. Why is the moral hazard of a client costly for an insurance company?
Q 19. What information is included in a first premium receipt (FPR)?
Q 20. In which situations is absolute assignment more commonly seen?
Q 21. What is the premium amount for the PMSBY scheme?
Q 22. What is the policy document in a life insurance contract?
Q 23. When policies are cancelled by the insurer, what proportion of the premium is charged/retained by the insurer?
Q 24. The beneficiaries of a life insurance policy affected by the MWP Act can be
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Q 25. What is the purpose of portability in health insurance?
Q 26. How many life insurance companies are there in India as of September 2021?
Q 27. What is healthcare?
Q 28. What is the process of underwriting?
Q 29. Which of the following diseases are covered under the Hospitalization Benefit of the Standard Vector Borne Disease Health Policy?
Q 30. What type of insurance may be considered for protecting one's assets?
Q 31. How does an individual's diabetic condition affect their risk in insurance underwriting?
Q 32. Which of the following is not usually a part of the insurance prospectus?
Q 33. Which of the following is not a characteristic of ethical behavior?
Q 34. What was the Sum Insured provided under RSBY?
Q 35. What does the policy document specify about the period of insurance?
Q 36. What happens if the proposer fails to sign the declaration in the proposal form?
Q 37. What is the purpose of a hospital daily cash policy?
Q 38. What is the role of an Umpire in arbitration?
Q 39. When was the Life insurance business nationalized in India?
Q 40. What is the savings component in many life insurance products?
Q 41. Which among the following is a method of risk transfer?
Q 42. What type of evidence of insurability may be required if the policy has been in a lapsed state for a short period of time?
Q 43. What does a travel insurance policy typically cover?
Q 44. How can the moral hazard of a client impact an insurance company?
Q 45. What information is collected in the proposal form for a health insurance policy?
Q 46. What is the benefit of financial planning?
Q 47. What is the Sum Insured provided under Pradhan Mantri Jan Arogya Yojana (PMJAY)?
Q 48. How do firms generally define profit?
Q 49. What does the Proposal form collect in terms of the monetary value proposed on the subject matter of insurance?
Q 50. Why is it necessary to provide for a margin of profit in insurance?
