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1. English IC33 Chapter 12 MockTest
Question 1
What will happen if the insured person loses the
original life insurance policy document?
A The insurance company will issue a duplicate
policy without making any changes to the contract
B The insurance contract will come to an end
C The insurance company will issue a duplicate
policy with renewed terms and conditions based on
the current health declarations of the life insured
D The insurance company will issue a duplicate
policy without making any changes to the contract,
but only after a Court order.
Question 2
In the event of any dispute related to premium
payment !which document acts as a proof?

2. A Renewal premiun receipt
B Advisor confedential report
C First premium receipt
D Claim form
Question 3
Provisions which are normally present in all the life
insurance contract are mentioned in?
A Claim form
B Proposal form
C Standard provisions
D First premium receipt
Question 4
Which of the document is a proof that the risk cover
of the proposer has started?

3. A First premium receipt
B Renewal premium receipt
C Claim Form
D Surrender Form
Question 5
Mr. X has taken a insurance policy, FPR has been
issued but he died before getting the policy
document due to an accident, what will happen?
A Company iiqill decline the death claim
B Company will give maturity benefit to nominee
C His contract will be cancelled
D Death claim will be given as FPR is the evidance
that contract has begun
Question 6

4. Provisions that are specific to the individual policy
contract are mentioned in?
A Policy schedule
B Renewal premium receipt
C Specific policy provision
D Standard provision
Question 7
What does a first premium receipt (FPR) signify?
Choose the most appropriate option.
A Free look period has ended
B It is evidence that the policy contract has begun
C Policy cannot be cancelled now
D Policy has acquired a certain cash value
Question 8

5. Mr "X" is holding a policy in a life Insurnce
Company, He had grievance which he wanted to
take to Ombudsman, from where can he found the
address of the nearby Ombudsman office?
A Proposal Form
B First premium receipt
C Policy scheduled
D Claim form
Question 9
In a standard insurance policy document, the
standard provisions section will have information
on which of the below?
A Date of commencement, date of maturity and
clue date of last premium
B Name of nominee

6. C The rights and privileges and other conditions :
which are applicable under the contract
D The signature of the authorised signatory and
policy stamp
Question 10
Select the option that best describes a policy
document.
A It is evidence of the insurance contract
B It is evidence of the interest expressed by the
insured in buying an insurance policy from the
company
C It is evidence of the policy (procedures) followed
by an insurance company when dealing with
channel partners like banks, brokers and other
entities

7. D It is an acknowledgement slip issued by the
insurance company on payment of the first
premium
Question 11
Mrs. "A" is pregnant while taking a policy, death
due to pregnancy will not be covered for her, this is
mentioned in?
A A specific policy provision
B Policy schedule
C General Provision
D Proposal form
Question 12
Which of the below statement is correct?

8. A The policy document has to be signed by a
competent authority but need not be compulsorily
stamped according to the Indian Stamp Act.
B The policy document has to be signed by a
competent authority and should be stamped
according to the Indian Stamp Act.
C The policy document need not be signed by a
competent authority but should be stamped
according to the Indian Stamp Act
D The policy document neither needs to be signed
by a competent authority nor it needs to be
compulsorily stamped according to the Indian
Stamp Act
Question 13
If complex language is used to word a certain policy
document and it has given rise to an ambiguity, how
will it generally be construed?

9. A In favour of insured
B In favour of insurer
C The policy will be declared as void and the insurer
will be asked to return the premium with interest to
the insured
D The policy will be declared as void and the insurer
will be asked to return the premium to the insured
without any interest
Question 14
Which of the below forms the first part of a
standard insurance policy document?
A Policy schedule
B Standard provisions
C Specific policy provisions
D Claim procedure

10. Question 15
A" & "B" are arguing," A" says that the policy
document has to be signed by a competent
authority and should be stamped according to the
Indian Stamp Act, "B" Says the deed is neither to be
signed nor to be stamped?
A A is correct
B B. is correct
C Both are incorrect
D Both are Correct
Question 16
"A clause precluding death due to pregnancy for a
lady who is expecting at the time of writing the
contract" will be included in which section of a
standard policy document?
A Policy schedule

11. B General provisions
C Standard provisions
D Specific policy provisions
Question 17
Rights & privileges which are applicable under the
policy are given in
A Specific policy provisions
B Policy schedule
C Standard provisions
D None of the above
Question 18
What is the full form of FPR?
A Fundamentalpolicy right
B Full premium reserves

12. C First premium receipt
D None of the above
Question 19
Mr "A" has just deposited his third premium for
insurance policy, which doument will he receive as a
proof?
A Renewal premiun receipt
B First premium receipt
C Advisor Confidential Report
D None of the above
Question 20
Policy schedule is usually found in
A Middle of the policy
B Face page of the policy

13. C End of the policy
D None of the above
Question 21
For the subsequent premiums received by the
insurance company after the first premium, the
company will issue ___________
A Revival premium receipt
B Restoration premium receipt
C Reinstatement premium receipt
D Renewal premium receipt
Question 22
Details like policy holders
name,address,0013,nominee details are given in
which part of policy document?
A Standard provisions

14. B Specific provisions
C Policy scheduled
D None of the above
Question 23
Which of the below statement is correct?
A The proposal form acceptance is the evidence
that the policy contract has be ci un
B The acceptance of premium is evidence that the
policy has begun
C The First Premium Receipt is the evidence that the
policy contract has begun
D The premium quote is evidence that the policy
contract has begun
Question 24

15. The address of the local ombudsman is given in
which part of policy document?
A Policy schedule
B First premium receipt
C Standard provisions
D Proposal form
Question 25
Mr X has lost his policy document, company will
issue him new policy document with?
A Minor change in policy terms and condition
B Major change in policy terms and condition
C No change in policy terms and condition
D No change in policy terms and condition
Question 26

16. The standard policy document has typically how
many parts?
A One
B Two
C Three
D Four
Question 27
Which of the following documents is an evidence of
the contract between insurer and insured?
A Proposal form
B Policy document
C Prospectus
D Claim form
Question 28

17. The policy no. which is the unique identity no. of
the policy contract is given in which part of policy
document?
A Specific policy provisions
B Standard provisions
C Clint confedentia.I report
D Policy schedule
Question 29
The sum assured of the policy is mentioned in?
A First premium receipt
B Renewal premium receipt
C In both option '1 & 2
D None of the above

18. ==========================================
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Question 1
Under which circumstances company requires a
medical examination or other evidence of
insurability
A Policy is in lapsed condition for less than 1 year
B Sum assured or face value of the policy is low.
C Customer is buying a new policy
D Customer wants to revive a policy with high sum
assured after 1 year of lapsation
Question 2
Rahul Bought a policy in January 2010 and has paid
premium only for 3 years. Now he wants to revive

19. the policy. What needs to be done to revive his
policy
A He will have a choice weather to undergo medical
examination or not.
B He will have to pay arr due premiums with
interest
C He will have to pay all the overdue premiums with
interest and also need to undergo for medical
examination.
D He can pay the current premium and revive the
policy.
Question 3
In order for the policy to acquire a guaranteed
surrender value, for how long must the premiums
be paid as per law?
A Premiums must be paid for at least 2 consecutive
years

20. B Premiums must be paid for at least 3 consecutive
years
C Premiums must be paid for at least 4 consecutive
years
D Premiums must be paid for at least 5 consecutive
years
Question 4
Under what circumstances would the policyholder
need to appoint an appointee?
A Insured is minor
B Nominee is a minor
C Policyholder is not of sound mind
D Policyholder is not married
Question 5

21. Ajay has an endowment policy in half yearly mode
and has paid only 3 premiums, after 5 years he
wants to revive the policy. He is not in a position to
pay all the due premiums. What type of revival is
possible for Ajay"s policy
A Ordinary revival
B Special revival
C Revival through loan
D Revival through installments
Question 6
What will happen if the policyholder does not pay
the premium by the due date and dies during the
grace period?
A The insurer will consider the policy void due to
non-payment of premium by the due date and
hence reject the claim

22. B The insurer will pay the claim and waive off the
last unpaid premium
C The insurer will pay the claim after deducting the
unpaid premium
D The insurer will pay the claim after deducting the
unpaid premium along with interest which will be
taken as 2% above the bank savings interest rate
Question 7
Non-forfeiture provision is special provision under
A Indian Insurance Act(Section 113)
B Indian Insurance Act (Section 38)
C Indian Insurance Act (Section 39)
D None of the above
Question 8
When loan is granted against policy

23. A Nomination ceases
B Policy will be assigned in favor of the insurer
C Death benefit ceases
D Policy becomes paid up
Question 9
Which of statement is true for Revival through loan
for lapsed policies
A Possible with the policies that has acquired
surrender value
B Loan amount is utilized as consideration amount
for revival purpose
C Balance amount subsisting after loan adjustment
towards arrears of premium
D and interest is payable to the policy holder
E All of the above

24. Question 10
Which of the below statement is false with regards
to nomination?
A Policy nomination is not cancelled if the policy is
assigned to the insurer in return for a loan
B Nomination can be done at the time of policy
purchase or subsequently
C Nomination can be changed by making an
endorsement in the policy
D A nominee has full rights on the whole of the
claim
Question 11
Which of the following statements are true in terms
of revival through installments
A Policy holder is not in a position to pay arrears of
premium in lump sum.

25. B Policy can not be revived under special revival
scheme
C Arrears of premium can be calculated as per
ordinary revival scheme
D All of the above
Question 12
Which of the below statement is incorrect with
regards to assignment of an insurance policy? I. In
case of Absolute Assignment, in the event of death
of the assignee, the
A In case of Absolute Assignment, in the event of
death of the assignee, the title of the policy would
pass to the estate of the deceased assignee.
B The assignment of a life insurance policy implies
the act of transferring the rights right, title and
interest in the policy (as property) from one person
to another.

26. C It is necessary that the policyholder must give
notice of assignment to the insurer.
D In case of Absolute Assignment, the policy vests
absolutely with the assignee till maturity, except in
case of death of the insured during the policy
tenure, wherein the policy reverts back to the
beneficiaries of the insured.
Question 13
When is a policy deemed to be lapsed?
A if the premiums are not paid on due date
B If the premiums are not paid before the due date
C If the premium has not been paid even during
days of grace
D If the policy is surrendered
Question 14

27. The policy can be revived with ordinary revival
measure whose
A 1 year premium paid
B 2 years premiums paid
C 3 years premiums paid
D Policy acquired surrender value
Question 15
The law in India after paying at least 3 consecutive
premiums under Non forfeiture option acquires
A A surrender value
B A Guaranteed surrender value
C A non guaranteed surrender Value
D Paid up value
Question 16

28. Revival or reinstatement of the policy is not possible
under which of the following conditions
A No increase in risk for insurer
B After 5 years from the date of lapsation
C Policy holders health, financial condition and
moral is satisfactory
D All the overdue premium have been paid with
interest.
Question 17
Which of the below statement is incorrect with
regards to a policy against which a loan has been
taken from the insurance company?
A The policy will have to be assigned in favour of
the insurance company
B The nomination of such policy will get cancelled
due to assignment of the policy in favour of the
insurance company

29. C The nominee's right will affected to the extent of
the insurer's interest in the policy
D The policy loan is usually limited to a percentage
of the policy's surrender value
Question 18
Which of the following statement is correct in terms
of appointee.
A When the Life to be assured is minor appointee is
required
B When proposer is minor Appointee is required
C When the nominee is minor appointee is required
D None of the above
Question 19
While calculating surrender value The formula takes
in to account

30. A Age of the policy
B Type and plan of insurance
C Length of the policy premium paying period
D All of the above
Question 20
Which of the following is a major difference
between nomination and assignment
A Assignment is transfer of property while policy
holder is alive and Nomination means transfer of
property when policy holder dies.
B Nomination ceases on assignment
C Assignment has to be witnessed. Where as
nomination is done through endorsement
D All of the above
Question 21

31. In case of the lapsed policy the only amount
payable by the insurer would be
A Whatever is applicable under the non-forfeiture
provision.
B Whatever is applicable under Guaranteed
surrender value
C Whatever is applicable under Non guaranteed
surrender value
D Insurer will not pay anything
Question 22
Ashish, 35 yr sold has taken an endowment policy
for 20 years in year 2011 and paid premium
annually. He did not paid the further premiums.
Now in 2014 if he wants to revive the policy
A Under special revival measures he can revive the
policy just by paying due premiums with interest

32. B Under special revival measures he will have to pay
the difference between old and new premiums
C The term of the new policy will be 20 years
D The premium of the new policy will remain
unchanged
Question 23
Which of the following statements are true in terms
of assignment
A Nomination ceases
B The person who transfer the rights called assignor
C The person who receive the rights called assignee
D All of the above
Question 24
The clause Grace Period grants the policy holder

33. A An additional period of time after the lapsation of
the policy to pay the premiums
B An additional period of time to pay before due
date to pay the premiums
C An additional period of time to pay after due date
to pay the premiums
D None of the above
Question 25
Which of the below alteration will be permitted by
an insurance company?
A Splitting up of the policy into two or more policies
B Extension of the premium paying term
C Change of the policy from with profit policy to
without profit policy
D Increase in the sum assured

34. Question 26
Policy loan enables
A Policy holder access to liquid funds while keeping
the insurance alive
B Policy holder gets access to liquid funds but the
Insurance ceases
C A debtor and creditor relationship
D The creditor to do credit check
Question 27
When the policyholder is not in a position to pay
arrears of premium in a lump sum and neither can
the policy be revived under special revival scheme,
this is known as
A Installment revival
B Loan cum revival
C Exclusive revival

35. D None of the above
Question 28
During the revival of a lapsed policy, which of the
below aspect is considered most significant by the
insurance company? Choose the most appropriate
option.
A Evidence of insurability at revival
B Revival of the policy leading to increase in risk for
the insurance company
C Payment of unpaid premiums with interest
D Insured submitting the revival application within a
specified time frame
Question 29
Which of the below statement is correct with
regards to grace period of an insurance policy?

36. A The standard length of the grace periiod is one
month.
B The standard length of the grace period is 30
days.
C The standard length of the grace periiod is one
month or 30 days.
D The standard length of the grace period is one
month or 31 days.
Question 30
For an insurance policy nomination is allowed under
of the Insurance Act, 1938.
A Section 10
B Section 38
C Section 39
D Section 45

37. ==========================================
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Question 1
Raghu"s policy was rejected by underwritter as he is
working as a body guard of a businessman with
suspected criminal links. Under which hazard his
policy was rejected
A Occupational hazard due to source of accident
B Occupational hazard due to source of health
hazard
C Occupational hazard due to source of financial
hazard
D Occupational hazard due to source of moral
hazard

38. Question 2
Which of the below insurance proposal is not likely
to qualify under non-medical underwriting? I.
Savita, aged 26 years, working in an IT company as a
software engineer
A Savita., aged 26 years, working in an IT company
as a software engineer
B Mahesh, aged 50 years, working in a coal mine
C Satish. aged 28 years, working in a bank and has
appried for an insurance cover of Rs. 1 crore
D Pravin, aged 30 years, working in a departmental
store and has applied for an endowment insurance
plan for a tenure of 10 years
Question 3
Cardio vascular disease refers to the disease which
affect

39. A Heart and circulatory system(Blood)
B Lungs and respiratory system
C Kidney and excretory system
D Stomach, intestine and digestive system
Question 4
Family history involves which of the following
characteristic
A Heredity and longivity of the family
B Habit of chewing tobacco
C working in a chemical factory
D Family religion
Question 5
Why is heredity history of importance in medical
underwriting?

40. A Rich parents have healthy kids
B Certain diseases can be passed on from parents to
children
C Poor parents have malnourished kids
D Family environment is a critical factor
Question 6
Varsha is a house wife. How much insurance cover
is permissible to her life, if her husband has
insurance of 25 lakh on himself
A 5 to 10 lakh
B 10 to 15 Iakh
C Upto 25 lakh
D 25to 30 Iakh
Question 7

41. Apt is 35 yrs. old. Working for a mutinational
company having annual income of 5 lakh,he can opt
for Sum assured in the range of
A 25 to 30 lakh
B 50 to 60 Iakh
C 70 to 80 lakh
D Mare than 80 lakh
Question 8
What are the sources of occupational hazards
A Accident
B Health Hazard
C Moral Hazard
D All of the above
Question 9

42. Which of the following cases is likely to be declined
or postponed by a life insurer?
A Healthy 18 year old
B An obese person
C A person suffering from AIDS
D Housewife with no income of her own
Question 10
Excessive production and reproduction of cells leads
to malignant tumors is called as
A Tuberculosis
B Cancer
C Liver cirrhosis
D Diabetes
Question 11

43. Under risk classification,_____________ consist of
those whose anticipated mortality corresponds to
the standard lives represented by the mortality
table.
A Standard fives
B Preferred risks
C Sub-standard lives
D Declined lives
Question 12
How much Sum assured is permissible in relation to
the income
A 5to 10 times of the annual income
B 10 to 12 times of the annual income
C 12 to 15 times of the annual income
D 15 to 20 times of the annual income

44. Question 13
Santosh has applied for a term insurance policy. His
anticipated mortality is significantly lower than
standard lives and hence could be charged a lower
premium. Under risk classification, Santosh will be
classified under ______________
A Standard lives
B Preferre d risks
C Substandard lives
D Declined lives
Question 14
Rating factors in underwriting does not depend on
A Financial situation
B Family History
C No. of members in the family
D Personal history of health and habits

45. Question 15
Which of the following is not an underwriting
decision?
A Risk acceptance at standard rates
B Declinature of risk
C Postponement of risk
D Claim rejection
Question 16
Sheena is suffering from acute diabetes. She has
applied for an insurance plan. In this case the
underwriter is most likely to use _____________ for
underwriting. Choose the most appropriate option.
A Judgment method
B Numerical method

46. C Any of the above method since an illness like
diabetes does not play a major role in the
underwriting process
D Neither of the above method as diabetes cases
are rejected outright
Question 17
Conditions for non medical underwriting does not
involve
A Working woman
B House wife beyond permissible sum assured
C Age at entry above 45 within permissible sum
assured
D Emplopyees of reputed firms
Question 18

47. Which of the following medical factors do not
influence an underwriter"s decision
A Family history
B Personal characteristic
C Spouse"s History
D Personal History
Question 19
Ailment of the renal system involves
A Heart and all the arteries and veins
B Stomach, intestine and liver
C Kidney and other urinary parts
D Brain and vertebral column
Question 20
Which of the following is not a standard age proof?

48. A Passport
B School leaving certificate
C Horoscope
D Birth certificate
Question 21
Amruta is pregnant. She has applied for a term
insurance cover. Which of the below option will be
the best option to choose for an underwriter to
offer insurance to Amruta? Choose the most likely
option.
A Acceptance at ordinary rates
B Acceptance with extra premium
C Decline the proposal
D Acceptance with a restrictive clause
Question 22

49. Family history does not involve any of these factors
A Family"s residing environment
B Average longivity of the family
C Religion of the family
D Family"s heredity
Question 23
Which of the following is not a case of moral hazard
A proposal is submitted at a branch focated far
away place of residence of the proposed insured
B A medical examination is done elsewhere even
when a qualified medical examiner is available near
one"s placeof residence
C A stuntman of a film offered high sum assured
D When a proposal is made on another without
having clear insurable interest

50. Question 24
Which of the following condition will affect a
person's insurability negatively?
A Daily jogs
B Banned substance abuse
C Lazy nature
D Procrastination
Question 25
Which of the following denotes the underwriter's
role in an insurance company?
A Process claims
B Decide acceptability of risks
C Product design architect
D Customer relations manager

51. Question 26
Which of the following is an example of moral
hazard?
A Stunt artist dies while performing a stunt
B A person drinking copious amounts of alcohol
because he is inured
C insured defaulting on premium payments
D Proposer lying on policy document
Question 27
Which type of hazard is said to exist when proposal
is submitted at a branch located far away from the
place of residence of the proposed insured
A Moral Hazard
B Physical Hazard
C Financial Hazard
D Occupational Hazard

52. Question 28
Under what method of underwriting does an
underwriter assign positive rating points for all
negative or adverse factors (negative points for any
positive or favourable factors)?
A Judgment
B Arbitrary
C Numerical rating
D Single step
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53. English IC33 Chapter 15 MockTest
Question 1
Praveen died in a car accident. The beneficiary
submits documents for death claim. Which of the
below document is an additional document
required to be submitted in case of accidental death
as compared to natural death.
A Certificate of burial or cremation
B Treating physician's certificate
C Employer's certificate
D Inquest Report
Question 2
Which of the following statement is correct in
relation to claim?
A A claim is the demand of performance by the
insurer

54. B A claim arises only when insured event takes
place
C A claim is valid if insured has paid all the
premiums
D All of the above
Question 3
Ajay had taken an insurance polcy with a Critical
Illness Rider ( policy commencement year 2007)
unfortunatelly he was diagnosed of a critical illness..
What, will happen to his insurance policy now?
A Policy contract continues even after the rider
payment
B Policy terminates after Rider Payment
C Policy Sum Assured to the extent of Rider
Payment
D None of the Above

55. Question 4
Mahesh has bought a life insurance policy with a
critical illness rider. He has made absolute
assignment of the policy in favour of Karan. Mahesh
suffers a heart attack and there is a claim of Rs.
50!000 under the critical illness rider. To whom will
the payment be made in this case?
A Mahesh
B Koran
C The payment will be shared equally by Mahesh
and Karan
D Neither of the two because Mahesh has suffered
the heart attack but the policy is assigned in favour
of Karan.
Question 5

56. Section 45 of insurance Sector 1938 is applicable
upto ?
A 2 Yrs
B 1 Yrs
C 7 Yrs
D till end of the term
Question 6
Regulations for claim settlement is defined under
A Protection of Policy holder"s interest, 2002
B Insurance Act 1938
C RDA Act, 1999
D DA regulations 2000
Question 7

57. Ram Purchased an insurance policy of 7 lacy from
ABC co. & died after 3 years. This wonl be treated as
A Invalid Claim
B Non early claim
C Early Claim
D Voidable Claim
Question 8
Which of the below statement best describes the
concept of claim? Choose the most appropriate
option.
A A claim is a request that the insurer should make
good the promise specified in the contract
B A claim is a demand that the insurer should make
good the promise specified in the contract
C A claim is a demand that the insurer should make
good the promise specified in the contract A claim is

58. a demand that the insured should make good the
commitment specified in the agreement
D A claim is a request that the insured should make
good the promise specified in the agreement
Question 9
Which of the below death claim will be treated as
an early death claim?
A If the insured dies within three years of policy
duration
B If the insured dies within five years of policy
duration
C If the insured dies within seven years of policy
duration
D If the insured dies within ten years of policy
duration

59. Question 10
Given below is a list of policies. Identify under which
type of policy, the claim payment is made in the
form of periodic payments?
A Money-back policy
B Unit linked insurance policy
C Return of premium policy
D Term insurance policy
Question 11
Interest paid by the insurer for delay in claim
settlement would be
A 0.02
B 2% above the bank rate
C No Interest payable
D 0.0L

60. Question 12
A Life Assured is missing for the last 7 years, on
which basis will the death claim be settled?
A Court Decree
B Declaration by Nominee
C Declaration by Agent
D Declaration by Employer
Question 13
Time to settle claims as per IRDA Regulations is
_____________
A 15 Days
B 30 Days
C 60 Days
D 120 Days

61. Question 14
Given below is a list of documents to be submitted
for a normal death claim by all beneficiaries in the
event of death of life insured. Pick the odd one out
which is additionally required to be submitted only
in case of death by accident.
A Inquest report
B Claim form
C Certificate of burial or cremation
D Hospital's certificate
Question 15
________________ leads to the termination of
insurance cover under the contract?
A Money Back & Installment Claim
B Death Claim

62. C Critical Illness Claim
D None of the Above
Question 16
Under Sec 47 of insurance Act 1938 when claim is
ready for payment but cannot be paid due lack of
proper identification of the payee, Interest payable
would be?
A 2% over Bank Rate
B Bank Rate
C No Fnterest payable
D 4% over Bank Rate
Question 17
Shankar bought a 10 year Unit Linked Insurance
Plan. If he dies before the maturity of the policy
which of the below will be paid?

63. A Lower of sum assured or fund vaiue
B Higher of sum assured or fund value
C Premiums paid will be returned with 2% higher
interest rate as compared to a bank's savings
deposit
D Surrender value
Question 18
Given below are some events that will trigger
survival claims. Identify which of the below
statement is incorrect?
A Claim paid on maturity of a term insurance policy
B An instalment payable upon reaching the
milestone under a money-back policy
C Claim paid for critical illnesses covered under the
policy as a rider benefit

64. D Surrender value paid on surrender of an
endowment policy by the policyholder
Question 19
In which insurance plan only the premiums paid
over the term are returned back?
A Unit Linked lnsuance Plan
B Participating Plans
C Return of Premium Plan
D Money Back
Question 20
A person is pre- assumed to be dead if not been
heard from the last __________ yrs
A 7 yrs
B 5 yrs

65. C 2 yrs
D 10 yrs
Question 21
Which of the following claims are easily
established?
A Death Claim
B Rider Claim
C Maturity & Money Back installments
D Surrender Value Payments
Question 22
The act which provides for presumption of death is
A Insurance Act 1938
B I,RDA Act 1999
C IRDA ReguEaton 2000

66. D Indian Evidence Act
Question 23
As per IRDA (Protection of Policyholders Interests)
Regulations, 2002, a claim under a life policy shall
be paid or be disputed, within 30 days from the
date of receipt of all relevant papers and
clarifications required.
A 7 days
B 15 days
C 30 days
D 45 days
Question 24
A payment made under a money-back policy upon
reaching a milestone will be classified under which
type of claim?

67. A Death claim
B Maturity claim
C Periodical survival claim
D Surrender claim
Question 25
Ram has taken a plan of 10 Lacs from ABC Ltd. On
1st June 2010. He died on 20th June 2014 without
paying the due premiums of Rs. 30,000. Bonus
accumulated during the period was 50,000. Death
benefit payable is?
A 10,00,000
B 10,50,000
C 10,20,000
D 10,80,000
Question 26

68. Based on classification of claims (early or non-
early), pick the odd one out?
A Ramya dies after 6 months of buying a term
insurance plan
B Mario dies after one and half years of buying a
term insurance plan
C David dies after two and half years of buying a
term insurance plan
D Pravin dies after five and half years of buyinci a
term insurance plan
Once you are finished, click the button below. Any
items you have not completed will be marked
incorrect.
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