- Indexing contribution
- Nomination facility
- Rider benefits
- Savings element
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What is the standard length of a grace period under a life insurance policy?
Answer: Option 2 One month not less than 31 days is the standard length of a grace period under a life insurance policy. The amount of time granted in an...
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What is the way to revival a lapsed policy of life insurance?
Answer: Option 4 Ordinary revival, Special Revival, Instalment revival is the way to revival a lapsed policy of life insurance. The revival of life insurance policy is required when the...
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Which of the following selector matches a particular element only when it lies inside a particular element?
Answer: Option 3 Let'
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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?
Answer: Option 3 Rakesh recently bought a health insurance policy and a personal accident policy. The insurance market fall in Non-life insurance in both cases.
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Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?
Answer: Option 3 Where annually increasing flexible premiums operate under a life insurance policy, 5.00% of increase will generally apply.
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What normally happens to the sum insured under a life insurance policy once the period of the lien expires?
Answer: Option 2 The sum insured under a life insurance policy once the period of the lien expires it increases.
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Apart from the salary level, what another key feature of Alok’s job is likely to have a major impact on the level of his pension, life insurance, and health insurance needs?
Answer: Option 3 Apart from the salary level, Whether the job is in the public or private sector key feature of Alok’s job is likely to have a major impact...
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What will happen if the insured person loses the original life insurance policy document?
Answer: Option 1 If the insured person loses the original life insurance policy document the insurance company will issue a duplicate policy without making any changes to the contract. If...
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Out of eight crew members three particular members can sit only on the left side. Another two particular members can sit only on the right side. Find the number of ways in which the crew can be arranged so that four men can sit on each side.?
Answer: Option 4 Required number of ways, = 3C2 × 4! × 4! = 1728
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Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : Quality of life of a person is not dependent only on his wealth. Assumptions : I. The aim of most people is just to acquire more wealth. II. There are some factors other than wealth which contribute to the quality of life. III. Wealth does not contribute to the quality of life at all.?
Answer: Option 3 Clearly, I does not follow from the statement. So, it is not implicit. The statement mentions that quality of life does not depend only on wealth. This...
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