1) A complaint under Consumer protection Act for compensation can be filed within ___ years from the date of cause of action.

2) Which market does the Micro Insurance Concentrate on ?

3) An Investor has invested in Debt mutual fund,he is ideally looking for

4) Overselling of policies results in __________ .

5) A person who receives policy money after the death of a policy holder generally is _____.

6) In a 20 year with profit policy persistency Bonus is paid at the end of

7) Compulsory deductible is applicable to

8) Income replacement methods equates Human Life Value (HLV) to

9) Sec. 163 (a) of the MV Act deals with the following

10) Two friends have taken same policy but their premiums are different why?

11) Annual premium of insurance product is Rs. 32,000, 4% loading on Quarterly mode of payment What is the quarterly premium?

12) What is the period of award passed to the customer decided by the ombudsman?

13) Universal Life Insurance is a variant of

14) In a process of completion of an insurance proposal an agent finds that the intention of the proposer was not genuine. In this case what should the agent do?

15) A policyholder pays identical premium amount for ULIP and EPF where he gets max tax efficiency

16) The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is

17) Amit is looking for term insurance plan for protection of his family. he is advised to approach for

18) Competition amongst insurance companies will be beneficial to the insurance policyholders in the following manner.

19) Network Hospital to Health Insurance refers to

20) Tariff Advisory Committee has been formed under

21) The first insurance company to transact life insurance business in India was

22) Valid KYC Know our customer documents are

23) What is the period of award passed to the customer decided by the ombudsman?

24) Raju is a certified license holder under what circumstances he needs to hold his certified license with him that is issued by IRDA

25) Who will allow maintain Mutual Fund Schemes?

26) Lien can be considered an alternative of which of the following

27) What is the maximum level of complaint that can be considered and taken action by ombudsman ?

28) Servicing the policy involves________ .

29) Which of the following is true about motor insurance

30) how many nominees can be attached to a term insurance policy

31) AML program of every insurer to include ________ apart from Procedure Training and audit.

32) After which time limit insurance company is liable to interest to claims?

33) In a 20 year with profit policy, persistency Bonus is paid at the end of

34) The most important features of a Valid contract are

35) Overseas Medical Policy is a type of policy _______ .

36) Which of the following is not correct about Miscellaneous Insurance?

37) Insurance is a mechanism of

38) Ramesh aged 35 years is an accountant in a big firm. He want to buy term insurance plan for 30 years. To avoid higher premium for his age proof and submit the proof of age 30 years. This is a case of _________ .

39) Discharge Voucher is to be submitted at the time of _________ .

40) _______ refers to the transfer of the title rights interest of the insurance policy

41) Assessment of needs does not include

42) Marine Cargo Insurance means

43) Consumer Forum at district level will hear complaints up to ______ .

44) Zainab takes insurance in the life of Jasmeet. Zainab will be called as

45) Group Insurance is a term referred to

46) Who is the face of Life Insurance industry?

47) A variable insurance product offers ________ .

48) Who is the primary underwriter of the customer?

49) Loan is available for a policy in which there is a feature of

50) Suresh wants to transfer his physical gold to gold exchange traded fund in relation to access this change will

51) A surveyor should submit his report generally 

52) Why does an insurer insist to assess an age proof document? 

53) What is the advantage of converting physical gold assets to gold ETFs?

54) Manoj 26 year old is having 7 years old son. What will happen to his monthly disposable income after 15 years of job?

55) License of an agent was withdrawn in June 2010 due to malpractice. He can reapply for his license in _________ .

56) Where is the declaration of the proposer contained?

57) Insuring the property for lesser value than the market value to pay less premium is _______ .

58) Payment / Investments in Kishan Vikas Patra under post office schemes is done

59) An insurer advertises through daily newspapers . What type of marketing is

60) Third Party Administrators operating in Health insurance sector are licensed by

61) TPA fee is paid by ________ .

62) The award of the ombudsman is _________ .

63) Who is the Regulator of Mutual Funds in India?

64) An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is the limits?

65) The obligation of the insurer for the whole life policy is mentioned in

66) In a 20 year with profit policy, persistency Bonus is paid at the end of

67) lung cancer and smoking .

68) All ULIP pension plans have to give how much percentage as Guaranteed returns

69) When an insurance company is not bound by the terms of the quotation during the set period?

70) A customer while investing in to Recurring deposit or Cumulative deposit what are the key factors which will matter

71) What tax rate, if any, will be applicable to a life insurance policy holder for the maturity proceeds of a Rs 5000 life insurance policy

72) First Information Report (FIR) required for claims due to _______ .

73) Assignment cancels nomination.

74) Persistency has increased from 82 % in previous year to 86 % this year . That means

75) The delay in settling claim by any insurance co, as per IRDA norms has to pay....% if the present bank interest rate is 5.2%

76) Under daily hospitalisation cash benefit scheme the amount payable is increased due to what reason ?

77) In a claim the customer got much more than the Sum Assured Why ?

78) The basic threats which all of us may encounter to vanned extent are _______.

79) Under Indian Evidence Act 1872 after which Year presumption clause will apply if the person is not heard of

80) Limit of nominees can be attached to a term insurance policy

81) Mr. Kunal used to participate in Car race. While taking up the Insurance policy he disclosed this information. What kind of hazard does it refers to _______ .

82) Which of the following is not a type of insurance organization?

83) Insurance companies selling products through newspaper advertisements are called  _________ .

84) Against the transferred risk the insured will have to pay a certain amount (consideration) to the insurer which is known as the ______ .

85) Investment by foreign direct investors in to Insurance CO's is restricted to

86) Why does an insurer insist on age proof document? To assess ?

87) Malhotra Committee was formed to look into the possibility of opening up ______.

88) In which policy can policy holder take loan?

89) In insurance contract both parties

90) Samir is married and he has only one partner,with dependant parents and no child,which should be his priority

91) Aditya wants to take home loan and his monthly take home is 80,000 what as a best practice should be the maximum EMI

92) When can an insurance company give more than % first year commission?

93) Weekly premiums are generally collected for which type/range of plans ?

94) Mr A has been approached by the Agent and on fact finding the score is 3 , this represents

95) What is the role of the National Insurance Academy?

96) Omkar Started a pension policy with provider A but ended up in taking the annuity payment from provider B.The result directly reflect the which feature available with this policy

97) _______ can file a complaint under consumer protection act.

98) What to be considered while taking first policy?

99) Which of the following is not a type of life insurance product?

100) While recommending a solution to the client the advisor should establish the link between client needs and __________ .