Question 1

Premium fixed by insurance company must be sufficient to _____

Accepted Answer

A) meet the claims 
B) cover the expenses 
C) both (a) and (b) 
D) none of these 
A) meet the claims 
B) cover the expenses 
C) both (a) and (b) 
D) none of these

Question 2

Who pays premium under social security group insurance scheme?

Accepted Answer

A) Every member of the group 
B) Panchayat of the village 
C) 50% by a social security fund maintained by LIC of India 
D) LIC of India 
A) Every member of the group 
B) Panchayat of the village 
C) 50% by a social security fund maintained by LIC of India 
D) LIC of India

Question 3

Which one of the following statement is correct?

Accepted Answer

A) Maturity proceeds are paid to the nominee, if the policyholder dies earlier 
B) Maturity proceeds are paid to the heirs, if the policy holders dies earlier 
C) Both the above statements are correct 
D) Both the above statements are wrong 
A) Maturity proceeds are paid to the nominee, if the policyholder dies earlier 
B) Maturity proceeds are paid to the heirs, if the policy holders dies earlier 
C) Both the above statements are correct 
D) Both the above statements are wrong

Question 4

Which one of the following statement is correct?

Accepted Answer

A) When a policy lapses, the policy holders loses everything 
B) When a policy lapses, some benefits are protected 
C) Both statements are Correct 
D) Both the statements are wrong 
A) When a policy lapses, the policy holders loses everything 
B) When a policy lapses, some benefits are protected 
C) Both statements are Correct 
D) Both the statements are wrong

Question 5

Foreign equity participation is allowed in insurance sector up to a limit of ____ percent.

Accepted Answer

A) 80. 
B) 73. 
C) 49. 
D) 26 . 
A) 80. 
B) 73. 
C) 49. 
D) 26 .

Premium fixed by insurance company must be sufficient to _____

Who pays premium under social security group insurance scheme?

Which one of the following statement is correct?

Which one of the following statement is correct?

Foreign equity participation is allowed in insurance sector up to a limit of ____ percent.

Insurance Policy and Risk Management: Part A

Insurance Policy and Risk Management: Part B

Insurance Fundamentals

Understanding Insurance: Cover, Risk, and Reinsurance

Insurance Policy Types and Terms

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Exam 5: Insurance Terminology and Policies

Premium fixed by insurance company must be sufficient to _____

Who pays premium under social security group insurance scheme?

Which one of the following statement is correct?

Which one of the following statement is correct?

Foreign equity participation is allowed in insurance sector up to a limit of ____ percent.

Insurance Policy and Risk Management: Part A

Insurance Policy and Risk Management: Part B

Insurance Fundamentals

Understanding Insurance: Cover, Risk, and Reinsurance

Insurance Policy Types and Terms

Filters