IC38 - HEALTH INSURANCE AGENT EXAM - 23

Q1.Which among the following is not a function of insurance?
   a) Risk mitigation
   b) Risk transfer
   c) Risk tracking
   d) Risk reduction
 
Q2.Mr. Daniel is married and has 3 children and his parents are alive. He has taken a family floater Health Insurance plan. Under the plan who all will be covered.
   a) Daniel
   b) Daniel and his wife
  c) Daniel, his wife, and children
  d) Daniel, his wife, his children, and his parents
 
Q3.Risk transfer through risk pooling is called __.
   a) Savings
   b) Investments
   c) Insurance
   d) Risk mitigation
 
Q4.Which of the following statements is true?
  a) Insurance facilitates the free investment of capital in a business
   b) Insurance encourages commercial and industrial development.
   c) Insurance contributes to national productivity
   d) All of the above
 
Q5.Which of the following should not be excluded?
   a) Cosmetic Surgery
  b) Diseases contracted during the initial waiting period
  c) Pre Existing diseases after a waiting period of 48 months
   d) Naturopathy treatment
 
Q6.In which of the following policies the principle of indemnity is modified.
   a) Fire Declaration Policy
   b) Fire floating policy
   c) Fire reinstatements policy
   d) Fire loss of profits policy
 
Q7.Professional indemnity insurance does not cover
   a) Acts of commission and omission
   b) Acts of negligence
  c) Liability arising out of the failure of doctors treatment
   d) Criminal Act
 
Q8.Premium cannot be received
   a) In cash
   b) By cheque
   c) By promissory note
   d) By credit card
 
Q9.Which among the following is the most likely to contain the IRDA stipulated 50 hours training to help prospects clear the IRDA examination?
   a) Process training
   b) Product training
   c) Pre-recruitment training
   d) Sales training
 
Q10.Consumer Protection Act deals with:
   a) Complaint against insurance companies
   b) Complaint against shopkeepers
   c) Complaint against brand
  d) Complaint against insurance companies, brand,s and shopkeepers

Click Here for Answer Key