Licentiate Exam Questions/Mock by iexamworld

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Overview of Licentiate Exam Questions

1. Question 1: Coverage by the National Health Service (NHS) of the UK

   • Question: The National health service of UK covers ___ (i) emergency services (ii) accidents (iii) dentistry.
   • Answer Options:
     • Insurance payments
     • Only (ii) & (iii)
     • Only (i) & (iii)
     • Neither (a) nor (b)
     • Custom duties

2. Question 2: Insurable Risk

   • Question: Which of the following is true regarding insurable risk?
   • Answer Options:
     • It is a risk for which an insurance policy can be purchased.
     • It is a loss that is intentionally caused by the insured.
     • It is one where eventuality for loss or damage is not definable.
     • Tax planning
     • Financial planning

3. Question 3: Reinsurance Company

   • Question: ____ is a reinsurance company.
   • Answer Options:
     • Care Health Insurance Company Limited
     • ManipalCigna Insurance Company of India
     • Tata AIA Insurance Company
     • General Insurance Company of India
     • Max Insurance Company of India

4. Question 4: Health Protection Plan

   • Question: In a health protection plan, premium payment ceases at the age of ___ but coverage continues till ___ for HCB and MSB.
   • Answer Options:
     • 55, 65
     • 60, 70
     • 65, 75
     • Death Benefit
     • Only (a) & (c)

5. Question 5: Roles of Investment in Life Insurance

   • Question: Which of the following roles can investment in life insurance play? i. asset appreciation ii. asset depreciation iii. asset protection
   • Answer Options:
     • Only (i) & (ii)
     • Only (ii) & (iii)
     • Only (i) & (iii)
     • All (i), (ii) & (iii)