IC38 - HEALTH INSURANCE AGENT EXAM - 05
| Q1.What should be the amount of dispute to be in order for the State Commission to interfere? |
| a) Upto Rs 20 Lakhs |
| b) Greater than 20 Lakhs but less than 100 lakhs |
| c) More than 100 lakhs |
| d) Less than 10 lakhs |
| Q2.In a critical illness rider, the benefit is payable at the time of___ |
| a) Death of the life insured |
| b) Diagnosis of the illness |
| c) Producing the medical bills |
| d) Discharge from the hospital |
| Q 3.Which of the following criteria has to be satisfied by a hospital or nursing home to be eligible to provide treatment under Mediclaim policy? |
| a) Registration with local authorities |
| b) Operation theatre |
| c) Doctors and nursing staff round the clock |
| d) All of the above |
| Q4.The Main Features of Underwriting, are: (a) Identify the Risk, based upon the Characteristics. (b) Determine the Level of Risk, presented by the Proposer. (c) Ensure that, the Insurance Business is conducted on the Sound Lines. |
| a) Both: Option-(a) and Option-(b) , apply Together. |
| b) Both: Option-(a) and Option-(c) , apply Together. |
| c) Both: Option-(b) and Option-(c) , apply Together. |
| d) All: Option-(a) , Option- (b) , and Option-(c) , apply Together. |
| Q5.Rajesh has taken out an individual health insurance policy with a sum insured of Rs.1,00,000. Rajesh also has a health cover of Rs.1,00,000 from another Insurer. Rajesh falls sick and incurs 1 lakh as hospital expenses. He can |
| a) Claim Rs 1 lakh each from both Insurance companies |
| b) Claim of only Rs 1 lakh will be entertained by both insurance companies together as Health Insurance Contracts are contracts of Indemnity |
| c) Claim of only Rs 1 lakh will be entertained by both insurance companies together as Health Insurance Contracts are not contracts of Indemnity |
| d) Claim Rs 1 lakh from each insurer and deposit the additional one lakh with Insurer itself |
| Q6.A document that provides evidence of the contract of insurance is called__ |
| a) Policy |
| b) Cover note |
| c) Endorsement |
| d) Certificate of insurance |
| Q7.Which clause specifies the perils insured in a scheduled form of policy? |
| a) Preamble Clause |
| b) Recital Clause |
| c) Operative Clause |
| d) Consideration Clause |
| Q8.What class of insurance can provide cover for loss of attraction or denial of access to the premises of the insured? |
| a) Business interruption insurance |
| b) Contingency insurance |
| c) Property damage insurance |
| d) Public liability insurance |
| Q9.In the case of the Consumer Protection Act, appeal against the decision of the District Forum can be made before? |
| a) State commission |
| b) National commission |
| c) Distt. Court |
| d) High court |
| Q10.The two ways of measuring risk within a risk register are Probability and ____ |
| a) Severity |
| b) Financial |
| c) Ownership |
| d) Transferability |