IC38 - HEALTH INSURANCE AGENT EXAM - 08

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Q1.Identify the True Statement: I. The Morbidity-Premiums for Infants and Children are Higher Than the Young Adults, due to Increased Risk of Infections and Accidents. II. The Morbidity-Premiums for the Adults, Beyond the Age of 45 Years, is Higher, as, the Probability of an Individual, suffering from a Chronic Ailment, like Diabetes, is Much Higher.
   a) Only Statement-I is True.
   b) Only Statement-II is True.
   c) Both: Statement-I and Statement-II, are True.
   d) Both: Statement-I and Statement-II, are False.
 
Q2.Which of The Following is NOT covered under Burglary (Business Premises) Policy?
   a) Theft After forcible entry
   b) Damage to insured goods by burglars
   c) Damage to premises by burglars
   d) Theft by employees, family members or other persons who are lawfully on the premises
 
Q3.As per Mediclaim policy, Statement 1,) Expenses on Hospitalization for a minimum period of 24 hours are admissible. Statement 2) This time limit is not applied if the insured is discharged the same day after specific treatment e.g. Dialysis.
   a) Statement 1 is True
   b) Statement 2 is True
   c) Both are true
   d) Both are false
 
Q4.--- need to be mentioned in the Agent's Report. Choose the Most Appropriate Option.
   a) Matters of Health, Habits and Occupation, Income and Family Details
   b) Matters, Related to the Heart
   c) Matters, Related to Current Affairs
   d) Matters, Related to Personal Ambitions
 
Q 5. Which of the following principles prevents an insured from making a profit out of his loss?
   a) Proximate cause
   b) Pro-rata average
   c) Indemnity
   d) Insurable Interest
 
Q6.Which of the following is true in case of an Inferior Risk?
   a) It gets lower discounts
  b) Premium rate doesn't depend on the risk
   c) Premium rates are constant and Predefined
  d) It attracts a Higher premium rate
 
Q7.Which of the Following Statements, is/are True, with Regard to Premium? I. According to Section 64 VB of Insurance Act, 1938, Premium is to be Paid In-Advance, Before the Start of the Insurance-Cover. II. This Section is a Special Feature of the Non-Life Insurance Industry in India.
   a) Only Statement-I is True.
   b) Only Statement-II is True.
   c) Both: Statement-I and Statement-II, are True.
   d) Both: Statement-I and Statement-II, are False.
 
Q8.Which of the following statements is true? Domiciliary hospitalization benefit does not include (1) Pre- hospitalization treatment (2) Post -Hospitalization treatment
   a) Statement 1 is True
   b) Statement 2 is True
   c) Both are true
   d) Both are false
 
Q 9.Which among the following cannot be an element in a valid insurance contract?
   a) Offer and acceptance
   b) Coercion
   c) Consideration
   d) Legality
 
Q10.How does insurance help in easing access to credit?
   a) Insurer provides free credit
   b) Banks lend easily if an application is backed by insurance
   c) Person who can pay insurance is assumed to be creditworthy
   d) Regulations mandate provision of credit to the insured

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