Related Questions

What is the grace period allowed by the Regulator for renewal in health insurance policy?
A 60 days
B 45 days
C 30 days
D 15 days only
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
What will happen if the policy holder 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 claim
B The insurer will pay 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
Which of the following is untrue as per IRDA’s regulations on non-par policies?
A The benefits shall be stated at the outset
B The benefits shall be linked to some index
C The additional benefit under these policies shall be laid out at the outset
D The return shall be stated at the beginning of the contract itself
Which of the below statement is correct with regards to grace period of an insurance policy?
A Standard length of the grace period is one month
B The standard length of the grace period is 30 days
C The standard length of the grace period is one month or 30 days
D The standard length of the grace period is one month or 31 days
What is the duration of grace period in a policy?
A 30 days
B One month
C One month or 30 days
D 31 days
What is the standard length of a grace period under a life insurance policy?
A One month not more than 30 days
B One month not less than 31 days
C One month not more than 31 days
D One month not less than 30 days
How much free look period is allowed from the date of receipt of health insurance policy document?
A 10 days
B 15 days
C 30 days
D 90 days
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

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