Related Questions

According to a survey of business firms in a certain city, 750 firms offer their employees health insurance , 640 offer dental insurance and 280 offer health insurance and dental insurance. How many firms offer their employees health insurance or dental
A 920
B 1,100
C 1,110
D 1,030
Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
A Life insurance in both cases
B Life insurance for health and non-life insurance for personal accident
C Non-life insurance in both cases
D Non-life insurance for health and life insurance for personal accident
Once an absolute assignment is effected under a life insurance policy, who will be the titleholder(s) of this policy?
A The assignor in all cases
B The assignee in all cases
C Either the assignor or assignee depending on the type of policy involved
D The assignor and assignee jointly
A life insurance policy can only be made paid up if what particular policy feature exists?
A Indexing contribution
B Nomination facility
C Rider benefits
D Savings element
Which of the following types of life insurance policies pays the full sum assured to the beneficiaries if the insured dies during the policy term or to the policyholder on the maturity of the policy if he/she survives the term?
A Whole Life
B Endowment
C Money Back
D Unit Linked
Apart from the salary level, what another key feature of Alok’s job is likely to have a major impact on the level of his pension, life insurance, and health insurance needs?
A Whether the job is office or field-based
B The normal retirement age in relation to the job
C Whether the job is in the public or private sector
D Whether the job is manual or non-manual
How long is the free look-in period under a term insurance policy from the date of receipt of the policy document?
A 5 days
B 10 days
C 15 days
D 20 days
Life insurance companies mainly provide benefits to the beneficiary of a policy upon
A Policyholder's retirement
B Policyholder's illness
C Policyholder's
D All of these
Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?
A 2.50%
B 3.00%
C 5.00%
D 7.50%
What normally happens to the sum insured under a life insurance policy once the period of the lien expires?
A It reduces
B It increases
C It is temporarily suspended
D It is replaced by a newly-underwritten sum insured

Next steps