IC83 GROUP INSURANCE - 06
| Q1.The commission paid to agents or corporate agents in respect of a group insurance policy shall not exceed the percentage approved by ____. |
| a) RBI |
| b) IRDA |
| c) SEBI |
| d) SBI |
| Q2.Non-resident are eligible to open an account under the public provident scheme. |
| a) TRUE |
| b) FALSE |
| Q3. The extra eligibility conditions may also pally such as not having been absent from work due to sickness for more than say ___ per year during the previous 2 years. |
| a) 3 weeks |
| b) 4 weeks |
| c) 5 weeks |
| d) 6 weeks |
| Q4.All linked insurance products shall have a lock-in period of ____ from the date of inception of the policy. |
| a) 2 years |
| b) 3 years |
| c) 4 years |
| d) 5 years |
| Q5.Which refers to group insurer's retention depending on IRDA regulations and the degree of comfort the insurer has with its projected claims distribution after reinsurance? |
| a) Surplus arrangement |
| b) Catastrophe cover |
| c) Quota Share Arrangement |
| d) Stop loss Reinsurance |
| Q6.For Both Prospective Methods and Accrued Benefits methods, the ____ is the difference between the discontinued value of the total expected benefits for the members and the discounted value of the future expected contributions. |
| a) Security |
| b) Actuarial Liability |
| c) Group salary |
| d) Assured benefits |
| Q7.What is the lock-in period for the public provident fund scheme? |
| a) 5 years |
| b) 10 years |
| c) 15 years |
| d) 25 years |
| Q8.The NPS Subscriber is required to make Minimum amount per Contribution in Tier-II is |
| a) Rs.100 |
| b) Rs.250 |
| c) Rs.500 |
| d) Rs.1000 |
| Q9.Which of the following is/are an example of employee benefit is/are generally offered to employees by their company? |
| a) Remunerative wages structure |
| b) Bonus to the employees |
| c) Social security benefits |
| d) All of the above |
| Q10._____ is the cost that arises because PVO increases due to the service rendered by the employees in the current period. |
| a) Past service cost |
| b) Present value of the obligation |
| c) Current service cost |
| d) Fair value of plan assets |