IC02 PRACTICE OF LIFE INSURANCE - 21
Que. 1 : Q1) The Schedule of a Policy-Document, mentions Several Significant Particulars. Which One of the Following, may not appear in the Schedule.
1. a) Premium-Amount
2. b) Policy-Number
3. c) Name of Proposer
4. d) Method of Premium-Payment
Que. 2 : Q2) What is the main purpose of the Guaranteed Insurability Rider Benefit ?
1. a) To give the policy holder the right to increase cover when a key life event occurs
2. b) To give the policy holder the right to health cover
3. c) To give the policy holder the right to maintain cover despite a fall in investment value
4. d) To give the policy holder the right to cover all possible unforeseen life events
Que. 3 : Q3) IRDAI regulations state that IGMS must be set up by____________.
1. a) All insurers
2. b) All insurers who have a foreign tieup
3. c) Only Life insurers
4. d) Only Non Life insurer
Que. 4 : Q4) Human Life Value forms the economic foundation of
1. a) Property insurance
2. b) Life insurance
3. c) Liability insurance
4. d) Miscellaneous insurance
Que. 5 : Q5) Which of the following statements are TRUE ? A - Insurance related cases are considered by Consumer Protection Act B - An insurance agent can be sued under the Consumer Protection Act C - Government companies do not fall under the preview of Consumer Protection Act
1. a) Only statement A is true
2. b) Only statement B is true
3. c) Only statement C is true
4. d) Both statements A and B are true