IC38 - HEALTH INSURANCE AGENT EXAM - 02
| Q1.____is an Example of a Standard Age-Proof. |
| a) Ration-Card |
| b) Horoscope |
| c) Pass-Port |
| d) Village Panchayat Certificate |
| Q2.What Does the Term: Premium, Denote, in Relation to an Insurance Policy? |
| a) Profit, Earned by the Insurer. |
| b) Price, Paid by an Insured, for Purchasing the Policy. |
| c) Margins of an Insurer, on a Policy. |
| d) Expenses, incurred by an Insurer, on a Policy. |
| Q3.By the common law who bears the responsibility of Loss Minimisation? |
| a) Insured |
| b) Insurer |
| c) The Legal Court |
| d) The Insurance Agent |
| Q4.Which of the following is True about Health Insurance? |
| a) Premium decreases as Age Increases. |
| b) Premium remains constant as the age increases |
| c) Premium may increase or decrease as age increases. |
| d) Premium increases as age increases. |
| Q5.In __, in Addition to the Policy, a Certificate of Insurance is issued, as required by the Governing Act. |
| a) Fire Insurance |
| b) Motor Insurance |
| c) Health Insurance |
| d) Property Insurance |
| Q6.Give us, the Proof of Contract between the Insurer and the Insured. |
| a) Proposal-Form |
| b) Claim-Form |
| c) Nomination-Form |
| d) Policy Document |
| Q7.Which of the following is True under Group Mediclaim policy? (1) cumulative bonus is not available (2) Health check-up expenses are payable |
| a) Statement 1 is True |
| b) Statement 2 is True |
| c) Both are true |
| d) Both are false |
| Q8.____ is not a tangible good. |
| a) House |
| b) Insurance |
| c) Mobile Phone |
| d) A pair of jeans |
| Q9.___ means that the Applicants, Who are exposed to Similar Degrees of Risk, must be placed in the Same Premium-Class. |
| a) Risk-Classification |
| b) Equity |
| c) Risk-Selection |
| d) Adverse Selection |
| Q10.Which of the following is not covered by Industrial All Risk Policy |
| a) Fire and Specified Perils |
| b) Machinery Break down or Boiler explosion |
| c) Business Interruption following Machinery Break Down or Boiler Explosion |
| d) Business interruption following fire or burglary |