Related Questions

During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.
A Evidence of insurability at revival
B Revival of the policy leading to increase in risk for the insurance company
C Payment of unpaid premiums with interest
D Insured submitting the revival application within a specified time frame
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
When is a policy deemed to be lapsed?
A If the premiums are not paid on due date
B If the premiums are not paid before the due date
C If the premium has not been paid even during days of grace
D If the policy is surrendered
If a policy is lapsed for a very short period of time only, what would be the requirement:-
A Medical Report
B Medical Underwriting
C Certificate of good health
D None of the above
Who gets benefited if a policy is lapsed?
A Insurer
B Insured
C Both Insurer & Insured
D None of the above
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
The man lapsed ---- past memories.
A in
B on
C into
D over

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