IC83 GROUP INSURANCE - 15

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Q1.Which is also known as No Evidence Limit?
   a) Dependent Insurance
   b) Riders
   c) Free Cover Limit
   d) Evidence of Insurability
 
Q2.Which pension refers to a pension payable under normal circumstances/by default?
   a) Life Pension
   b) Normal Pension
   c) Guaranteed Pension
   d) Joint Pension
 
Q3.The _____ paid to agents or corporate agents in respect of a group insurance policy shall not exceed the percentage approved by IRDA.
   a) Norms
   b) Premium
   c) Commission
   d) None of these
 
Q4.A NPS subscriber who is not satisfied with the services offered, or has any other grievance, can lodge his complaint using
   a) IGMS
   b) CGMS
   c) SCORES
   d) SAT
 
Q5.Insurers in India are often offering which of the following riders?
   a) Accidental death cover
   b) Critical illness cover
   c) Some partial disability benefits
   d) All of the above
 
Q6.An investor under the new pension scheme can choose which of the following asset classes
   a) Equities
   b) Corporate debt
   c) Government Securities
   d) Any of the above
 
Q7.___ is an arrangement established by employers to provide pension and related benefits for their employees.
   a) Occupational pension
   b) Gratuity
   c) Bonus
   d) Employee stock option
 
Q8.In Pradhan Mantri Suraksha Bima Yojna, It has an annual premium of ___ excluding service tax, which is about 14% of the premium.
   a) Rs.12
   b) Rs.120
   c) Rs.330
   d) Rs.500
 
Q9.In case of discontinuance of policy after the lock-in period, the insurer shall offer a revival period of ____ from the date of discontinuance of premium.
   a) 2 years
   b) 3 years
   c) 4 years
   d) 5 years
 
Q10.The employee's share of contribution under the ESI Act is
   a) 12%
   b) 8.33%
   c) 1.75%
   d) 4.75%

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