Related Questions

_________, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
A Customer
B Cashier
C Broker
D Banker
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
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
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
A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?
A Absolute assignment
B Conditional assignment
C Loan assignment
D Collateral assignment
Given below is a list of document 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 cremation
D Hospital’s certificate
Who is an inpatient seeking medical attention for his medical problem?
A He is a patient who receives medical attention without admission in a hospital
B He is after admission in a hospital receiving medical attention and treatment while being there
C He is a day care patient for treatment
D He is a patient in a house receiving care of doctors
Mr. Ahsan is insured competely for Tk. 50,000 of damages to his car. For any damage avove Tk. 50,000 the insurance company will pay tk 50,000 plus 20% of the rest of the company. what was the total amount of the damage estimated?
A Tk. 30,000
B Tk. 2,80,000
C Tk.1,04,000
D Tk.80,000
Mr. Zaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000 the insurance company will pay Tk. 1,50,000 plus 15% of the additional damage. For a recent accident, Mr. Zaman was paid Tk. 1,56,000 by the insurance company. What was the total amount to the damage estimated?
A Tk. 1,04,000
B Tk. 90,000
C Tk. 40,000
D Tk. 80,000
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000 the insurance company will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance company. What was the total amount of the damage estimated?
A Tk. 30,000
B Tk. 280,000
C Tk. 104,000
D Tk. 80,000

Next steps