Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?

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

In Variable life insurance, the death benefit and cash value of the policy _________ according to the investment performance of a special investment account into which premiums are credited.

A

Went up

B

Went down

C

Remain Fixed

D

Fluctuate

Under Universal life products, there was facility of completely flexible premiums after how many years?

A

One

B

Two

C

Three

D

Four

If both policy loan and premiums are not paid, the outstanding loan/interest may exceed the policy’s cash value. What would the insurer do in such an eventuality?

A

Surrender

B

Revival

C

Cancellation

D

Foreclosure

In 1997, 10% of automobile insurance premiums went to pay costs arising from injuries occurred in car accidents, In 2007, cost despite the fact that cars were much safer in 2007 than in 1997 . which of the following . if true, best explains the discrepancy outlined above?

A

Fewer accidents occured in 2007 than in 1997.

B

In 2007, people drove more slowly than in 1997.

C

Medical costs rose sharply between 1997 and 2007 .

D

Repairing costs of cars grew more over the period.

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

Routers operate at layer _____. LAN switches operate at layer _____. Ethernet hubs operate at layer _____. Word processing operates at layer _____.

A

3, 3, 1, 7

B

3, 2, 1, none

C

3, 2, 1, 7

D

3, 3, 2, none

E

All of the above

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

Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?

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