IC02 PRACTICE OF LIFE INSURANCE - 18

Que. 1 : Q1) Which of the following Life Insurance policy is Non-participatory?

   1.  a) Endowment Policy

   2.  b) Money Back Policy

   3.  c) Annuity Plans

   4.  d) Term Assurance Plans

Que. 2 : Q2) In the process of assignment what gets transferred from the assignor to the assignee?

   1.  a) Rights and Interest

   2.  b) Rights and Title

   3.  c) Title only

   4.  d) Rights,Interest and Title

Que. 3 : Q3) _________ is a one-time bonus provided for long term policies, on attaining maturity or death of the insured person.

   1.  a) Reversionary bonus

   2.  b) Interim bonus

   3.  c) Maturity bonus

   4.  d) Terminal bonus

Que. 4 : Q4) Which of the following is True under private car package policy? (1) the liability of insurer for total loss does not exceed insured declared value less the value of the wreck. (2) The liability for partial losses does not exceed of repair / replacement less depreciation

   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) The minimum age to enter into a contract of insurance is __________.

   1.  a) 10 years

   2.  b) 13 years

   3.  c) 18 years

   4.  d) 21 years