1) Which plan is suitable for those who cannot afford higher premium now but can afford to pay a higher premium later?

2) What to be considered while taking first policy?

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

4) An Agent recommends a term plan in keeping with the ethical standards since it was suitable to client's needs. In such a case what is the percentage of commission which he can give as rebate as to beat the competition?

5) Stand Alone Health Insurance companies market

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

7) If notification of death is received 3 years after death then the claim can be declared

8) Pricing element is done by

9) Who is the face of Life Insurance industry?

10) To ensure that the premiums are paid out of a legitimate source of funds cash is accepted.

11) Mr. Raj is married and having 2 children. Which plan can he take that can cover his whole family ?

12) A Survey report is necessary for a flood loss under a

13) ______ includes banks and brokers?

14) Legal proof of title is required in claims

15) Universal Life Insurance is a variant of

16) For composite license an Agent has to complete training for_____Hours.

17) Which of the following is correct for claim under aqua culture

18) 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?

19) What is the stipulated time frame within which an insurer is supposed to respond after receiving any communication from its policy holder?

20) The insurance company issues ________ after accepting proposal.

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

22) In case of a Paid up policy, what is the claim payable?

23) Publicity and Advertisements material published by Insures should conform to

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

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

26) Which of the following risks are insurable?

27) TPA is licensed by

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

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

30) Ethical practices lead to _____ .

31) License of an agent was withdrawn in June 2010 due to malpractice.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

32) When insurance contract is voidable?

33) TPA'S are appointed by Insurance companies to

34) Hari wants a constant life cover till his 31st birthday. But he can't afford to pay high premiums. The best suited products for him would be

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

36) When a person is investing in a Debt Mutual Fund what is the primary objective?

37) What are the ways by which a policy holder can make complaints?

38) Marine Cargo Insurance means

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

40) Group Insurance is a term referred to

41) Under Group insurance policy, which of the following is Not correct?

42) Under the hospital care rider what is the pa out made

43) In which policy can policy holder take loan?

44) The fund governed by the rules and regulations of the Employees Provident fund and Miscellaneous provisions Act 1952 When will it be paid to the employees?

45) Which plan will suits a customer need who is just looking for protection of family

46) Consensus ad idem means

47) When an Insurance Company is put to real test?

48) Motor insurance policy provides protection from _______ .

49) RAP can do the following

50) Mr. Suresh dies one day before the grace period without paying the premium what is the claim a able ?

51) The KYC document is

52) If a person want to maintain emergency funds the best place is a bank or

53) Ramesh aged 35 years is an accountant in a big firm. He wants to buy term insurance plan for 30 years. To avoid higher premium for his age he forges his age proof and submits the proof of age 30 years. This is a case of ________ .

54) According to IRDA agents code of conduct what is the best method of showing the amount of commission earned by the advisor?

55) Banks as Brokers can sell policies of

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

57) Ramesh wants to buy 15 years pension plan for retirement. While calculating gaps required at the end the gratuity amount was completely ignored because he is

58) Why the Insurance contracts are voidable?

59) General Insurance business was nationalized in India in

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

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

62) Which of the following is not an indirect marketing channel ?

63) Breaches of Utmost Good Faith occur when there is 

64) The risk commencement date of policy is ________ 

65) 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 _______ .

66) For maturity claims _____ is to be submitted to insurer.

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

68) The main protection need of a 19-year-old is most likely to be

69) In a health insurance plan what the particular feature is likely to cause the insurer to decrease the renewal premium.

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

71) In fact finding why client's income analysis is necessary

72) Servicing the policy involves________ .

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

74) “Jago Grahak Jago" refers to

75) Where is the declaration of the proposer contained?

76) Communication may be in ______ .

77) Mrs. Sheela received some amount out of her husband's death. In such a situation what will be her prime focus?

78) "Life Insurance" business means the

79) A variable insurance product offers ________ .

80) Claim settled within 1 year of maturity of policy is called

81) Mr. Customer has taken a policy and died before receiving the document which was dispatched by the insurer.

82) A policy holder takes two insurance policy and the premium amount is identical and he gets lesser commission in one of contract reason is likely to be

83) The constituents who participate in deeper penetration of micro insurance and awareness of insurance in rural areas are

84) ______ will be specifically useful in case of annual premium policies compared to monthly mode policies.

85) The functions of the Insurance Ombudsman include

86) Utmost good faith envisages a positive duty to disclose accurately all information that are

87) Life Insurance business was nationalized in India in

88) What is recovery made from final claim settlement?

89) In MWP Act policy claim is paid to

90) Insurance is a mechanism of

91) Which market areas do Micro Insurance product concentrate

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

93) Assignment cancels nomination.

94) When the Health Insurance policy has a co-pay condition, the claim is paid in?

95) Insurer accepts the risk by charging a fee. Such a fee is called

96) Changes in policy can be made by

97) Term insurance is best suited for the following need.

98) Manish took a loan from Pankaj of Rs. 10 lac Pankaj transferred his Insurance policy of Rs. 10 lakhs to Manish as a security with the agreement that when Loan is fully paid policy title will revert back to Manish. This transfer of right is called:

99) As per the norms of risk assessment U/W both the parents of a policy holder died in their early 30s due to Heart disease what is the risk assessed

100) What tax rate if any will be applicable to a life insurance policy holder for the maturity proceeds of a Rs 50,000 life insurance policy?