IC02 (LICENTIATE) Practice of Life Insurance - 05
| Q1.What should be the age group of the employees for availing group insurance term plan? |
| 18 to 50 years |
| 18 to 55 years |
| 18 to 60 years |
| 20 to 50 years |
| 20 to 60 years |
| Q2.The loan amount granted against a life insurance policy is generally _ of its surrender value |
| 50% |
| 60% |
| 70% |
| 80% |
| 90% |
| Q3.____ details the mutual obligations of the insurance company and the insured. |
| Proviso |
| Schedule |
| Operative Clause |
| Preamble |
| Proviso Preamble |
| Q4.Assignment of policy is not applicable for ___. |
| Endowment Policies |
| Pension Plans |
| Plans under the Married Women's Property Act |
| Both 2 and 3 |
| All of the above |
| Q5.Mr. Ayush was born on 1st Feb 1980. On 16 May 2000, he is 20 years 3 months, and 16 days old. What is his age nearer to his birthday? |
| 20 years |
| 21 years |
| 20 years 3 months |
| 21 years 3 months |
| 20 years 6 months |
| Q6.Which of the following is/are types of Policy Revival Scheme? |
| Ordinary Revival Scheme |
| Special Revival Scheme |
| Installment Revival scheme |
| Loan-Cum-Revival Scheme |
| All of the above |
| Q7.The days of grace clause is not enforced in ___. |
| Salary Saving Scheme |
| Postal Life insurance |
| Mediclaim policies |
| Place of payment of premium |
| All of the above |
| Q8.What is the maximum permissible age of an employee for availing of Group Insurance? |
| 50 years |
| 55 years |
| 60 years |
| 61 years |
| 65 years |
| Q9.The market value of the securities held by an Equity Fund is Rs 50,000,00. The number of units is 25000. What is the NAV of this fund? ( Assume 100% investment in equities ) |
| Rs 25 |
| Rs 100 |
| Rs 150 |
| Rs 200 |
| Rs 350 |
| Q10.If under a policy at least five full years premium is paid and if the subsequent premium remains unpaid and the death claim arises within twelve months of the first unpaid premium, the claim is settled in full. This is as per ____ of LIC. |
| Non-Early Death claim policy |
| Claims Concession |
| Extended claims concession |
| Assistance due to death concession |
| None of the above |