IC83 GROUP INSURANCE - 10
Que. 1 : Q1) Non-resident are eligible to open an account under the public provident scheme.
1. a) TRUE
2. b) FALSE
3.
4.
Que. 2 : Q2) Which means that the ceding company and the reinsurer negotiate and execute a reinsurance contract under which the reinsurer covers the specified share of all the insurance policies issued by the ceding company which come within the scope of that contract?
1. a) Treaty Reinsurance
2. b) Facultative Reinsurance
3. c) Catastrophe cover
4. d) Stop loss reinsurance
Que. 3 : Q3) The fund based group non-linked products may levy a surrender charge not exceeding ______ of the total policy account value with a maximum of Rs.5,00,000, if the policy is surrendered within third renewal of the policy.
1. a) 0.05%
2. b) 0.10%
3. c) 1%
4. d) 2%
Que. 4 : Q4) In the context of NPS Tier I account is a prerequisite for opening Tier II account
1. a) FALSE
2. b) TRUE
3.
4.
Que. 5 : Q5) Which occupational class contains Light manufacture and assembly regular salesperson involved in travel or delivery, Nurses, Real estate agents, insurance agents and brokers and attendants and those in whole sale business also form the part of this class?
1. a) Class 1
2. b) Class 2
3. c) Class 3
4. d) Class 4