Related Questions

With regards to valuation of assets by insurance companies, _________ is the value at which the life insurer has purchased or acquired its assets.
A Discounted future value
B Discounted present value
C Market value
D Book value
In which of the following types of claim will insurer order an investigation?
A Early death claim
B Non-early claim
C Maturity claim
D Surrender
In which event(s) does availing cashless facility not require a pre-authorisation from the insurer/TPA?
A If the hospitalization is to a non-network hospital
B Emergency hospitalization
C Both A & B
D None of the three
What is paid by the insurer when the policyholder decides to discontinue the policy
A Forfeiture
B Surrender Value
C Intermediate Claim
D Lapse
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
Which is the ‘consideration’ from the insurer in an insurance contract?
A Premium
B Promise to indemnify
C Policy bond
D Proposal
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
What is the time limit set for an insurer by IRDA Regulations for calling for documents from the date of receipt of claim intimation?
A 5 days
B 10 days
C 15 days
D 30 days
What is the time limit set for an insurer by IRDA Regulations for settling non-early claims from date of receipt of all documents.
A 5 days
B 10 days
C 15 days
D 30 days
A very short-term creditor, such as a supplier who grants credit for only 30 days, is likely to be most interested in a firm's :
A current ratio
B quick ratio
C cash converge ratio
D cash ratio

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