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101
|
Retirement is also called as the ____
|
{
"1": "Parent",
"2": "Twiligth years",
"3": "Provider",
"4": "Earner"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
102
|
One example of contingency
|
{
"1": "Death",
"2": "Disability",
"3": "unemployment",
"4": "All of the above. "
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
103
|
The extent to which one seeks to diversify or spread the investments to reduce the risks.
|
{
"1": "Diversification",
"2": "Liquidity",
"3": "Marketability",
"4": "Taxes"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
104
|
Buying an LCD TV set or a family vacation is an example of _____ type of Goal
|
{
"1": "Short Term Goal",
"2": "Medium Term Goal",
"3": "Long Term Goal",
"4": "None of the above"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
105
|
Identify the flip side of a pure term insurance plan.
|
{
"1": "It is the cheapest form of insurance",
"2": "It can be converted to a whole life insurance plan",
"3": "It doesn't provide any returns on maturity",
"4": "It comes handy as an income replacement plan"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
106
|
You and your friend of same age bought life insurance policy on same date but you are paying a higher premium than him. What impact will it have on the compensation paid to the beneficiary in the event of your death?
|
{
"1": "Compensation remains the same",
"2": "Compensation will be higher",
"3": "Compensation will be lower",
"4": "There will be no compensation"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
107
|
Illustrate the USP of term insurance. Choose the most appropriate option.
|
{
"1": "Lower Price",
"2": "Coverage",
"3": "Investment returns",
"4": "Choice of riders"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
108
|
Samara purchased a term insurance policy when she had high life insurance needs and limited income. Now Samara can afford whole life insurance. What term life insurance provision will permit Samara to switch her term insurance to whole life insurance without having to show that she is still insurable?
|
{
"1": "Alteration",
"2": "Conversion",
"3": "Exchange",
"4": "Switching"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
109
|
Michael wants to make sure that life insurance proceeds are available to pay his outstanding mortgage balance if he dies. He purchased a type of life insurance in which the amount of coverage gradually declines, just as his outstanding mortgage balance gradually declines. Tell us what this type of insurance has Micheal bought.
|
{
"1": "Decreasing benefit insurance",
"2": "Decreasing rider benefit",
"3": "Decreasing term insurance",
"4": "Re-entry term insurance"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
110
|
As per IRDA norms, an insurance company can provide which of the below non-traditional savings life insurance products in India? Choice I: Unit Linked Insurance Plans Choice II: Variable Insurance Plans
|
{
"1": "I only",
"2": "II only",
"3": "Both: I and II",
"4": "Neither: I nor II"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
111
|
Ramesh has decided to maximise his ULIP premium through a Equity Fund. Where will the insurance company invest his premiums?
|
{
"1": "Stocks",
"2": "Government or corporate debt",
"3": "Both in Equity related instruments as well as Government or Corporate debt",
"4": "Commercial paper or Treasury bills"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
112
|
What does the NAV imply in case of ULIP's
|
{
"1": "Total Net worth of the insurer",
"2": "Assets of the insurer",
"3": "Market value of the assets in which the fund is invested",
"4": "Liability of the insurer"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
113
|
Carl would like to purchase life insurance. He would also like to invest in a mutual fund. An agent told Carl about a form of life insurance in which Carl could select where the saving component is invested. This form of life insurance has fixed risk premiums and the saving policies is invested. Which type of insurance is the agent referring to?
|
{
"1": "Endowment life insurance",
"2": "ULIP",
"3": "Whole life",
"4": "Term insurance"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
114
|
What was the Primary Argument, behind "Buy Term Assurance and Invest the Difference, Else-Where"? Choose the Most Appropriate Option.
|
{
"1": "Term Assurance is the Best Form of Life Assurance. ",
"2": "Investing the Balance Premiums, in Other Investment-Instruments, could yield a Higher Return. ",
"3": "The Policy-Holder can take the Higher Risks, by investing the Balance Premium in the Equities. ",
"4": "Non-Term Assurance has the Lowest Yields. "
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
115
|
Which Section of the MWP Act provides for security of benefits under a life insurance policy to the wife and children.
|
{
"1": "Section 38",
"2": "Section 39",
"3": "Section 6",
"4": "Section 45"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
116
|
Identify the benefits of taking out a keyman insurance policy.
|
{
"1": "Offset business start-up costs",
"2": "Offset business continuity costs",
"3": "Offset business recovery costs",
"4": "Promote worker harmony"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
117
|
Select the loss covered under keyman insurance.
|
{
"1": "Property theft",
"2": "Losses related to the extended period when a key person is unable to work",
"3": "Losses caused due to errors and omission",
"4": "General liability"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
118
|
Illustrate a general requirement for granting keyman insurance.
|
{
"1": "Company must be loss making",
"2": "Company must be profitable",
"3": "Company must be in business for less than 6 months",
"4": "Company must be in business for less than 1 year"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
119
|
Who is paid the claim money for a policy effected under Section 6 of the Married Women Property Act?
|
{
"1": "Appointee",
"2": "Trustee",
"3": "Nominee",
"4": "Assignee"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
120
|
Explain to us why young people are charged less life insurance premium when compared to old people.
|
{
"1": "Young people don't need life insurance as much as old people",
"2": "Young people cannot afford to buy costly life insurance products due to their low income",
"3": "Mortality is directly proportional to age",
"4": "Mortality is inversely proportional to age"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
121
|
What does valuation in life insurance mean?
|
{
"1": "The process of arriving at the profit of a life insurance company",
"2": "The process of determining the net premium for a life insurance policy",
"3": "The process of arriving at the bonus in a life insurance company",
"4": "The process by which the value of all the existing policies is ascertained in a life insurance company"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
122
|
In case of __________, a company expresses the bonus as a percentage of basic benefit and already attached bonuses.
|
{
"1": "Reversionary bonus",
"2": "Compound bonus",
"3": "Terminal bonus",
"4": "Persistency bonus"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
123
|
Name the two policy features on which rebates on premium can be offered by the insurer.
|
{
"1": "Policy plan and risk cover",
"2": "Policy plan and mode of premiums",
"3": "Sum assured and mode of premiums",
"4": "Sum assured and policy plan"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
124
|
Illustrate the effect of interest rates on the premium assumed by insurance companies.
|
{
"1": "Lower the interest rate assumed, lower the premium",
"2": "Higher the interest rate assumed, higher the premium",
"3": "Higher the interest rate assumed, lower the premium",
"4": "The interest rates don’t affect premiums"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
125
|
Explain what does the grace period clause provide for in life insurance policies.
|
{
"1": "Insured does not have to pay premiums during that period",
"2": "Insured has to pay only half the premium amount",
"3": "Insured has some additional time to pay the premium even after due date",
"4": "It extends the free look period by 30 days"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
126
|
For an insurance policy nomination is allowed under _________ of the Insurance Act.
|
{
"1": "Section 10",
"2": "Section 38",
"3": "Section 39",
"4": "Section 45"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
127
|
Construct a situation that would require evidence of insurability at revival.
|
{
"1": "It has been a week since the policy has lapsed",
"2": "Policy has been lapsed for more than a year",
"3": "Policy has been in force for a year",
"4": "Loan against policy has been sought"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
128
|
Select the correct statement with regards to grace period. Choose the most appropriate option
|
{
"1": "The standard length of the grace period is one month. ",
"2": "The standard length of the grace period is one quarter",
"3": "The standard length of the grace period is one week",
"4": "The standard length of the grace period is one fortnight"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
129
|
Examine the two statements below and select the one(s) that is are true. I: Life assured can appoint more than one person as nominees II: Assignment can be done only after the commencement of the policy
|
{
"1": "I only",
"2": "II only",
"3": "I and II",
"4": "Neither I nor II"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
130
|
As per IRDAI Product Regulations, a Non-Linked Policy can be revived within ______years from the date of unpaid premium
|
{
"1": "Two Years",
"2": "Three years",
"3": "Four Years",
"4": "Five Years"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
131
|
__________ is the process by which a life insurance company puts back into force a policy that has either been terminated because of non-payment of premiums or has been continued under one of the non-forfeiture provisions.
|
{
"1": "Reinstatement",
"2": "Revival",
"3": "Surrender",
"4": "Lapse"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
132
|
Which of the below statement is correct with regards to 'anti selection'?
|
{
"1": "Anti selection is the process used by the insurance company to ensure it does not end up selecting unethical agents",
"2": "Anti selection is the tendency of people, who suspect or know that their chance of experiencing a loss is high, to seek out insurance eagerly and to gain in the process. ",
"3": "Anti selection is the process used by the insurance company to ensure it does not end up launching insurance products that are not suitable for the prospective policyholders",
"4": "Anti selection is the process used by the insurance company to ensure it does not end up selecting wrong investment products for deploying premiums collected from the policyholders. "
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
133
|
Which of the following statement is incorrect with regards to judgment method of underwriting?
|
{
"1": "Under this method subjective judgment is used",
"2": "This method is especially used in case of complex cases",
"3": "In this method the company may seek expert opinion of medical doctor",
"4": "In this method the underwriter assign positive or negative rating points to adverse factors"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
134
|
_____________ means that applicants who are exposed to similar degrees of risk must be placed in the same premium class.
|
{
"1": "Selection of risk",
"2": "Anti-selection",
"3": "Moral hazard",
"4": "Equity among the risks"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
135
|
Which of the below statement is correct with regards to 'sub-standard lives' under risk classification? Choose the most appropriate option.
|
{
"1": "Substandard lives consist of those individuals whose anticipated mortality corresponds to the standard lives represented by the mortality table. ",
"2": "Substandard lives consist of those individuals whose anticipated mortality is significantly lower than standard lives and hence could be charged a lower premium. ",
"3": "Substandard lives consist of those individuals whose anticipated mortality is higher than the average or standard lives, but are still considered to be insurable. ",
"4": "Substandard lives consist of those individuals whose impairments and anticipated extra mortality are so great that they could not be provided insurance coverage at an affordable cost"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
136
|
Which of the following statement is correct with regards to 'declined lives' under risk classification?
|
{
"1": "Declined lives consist of those individuals whose anticipated mortality corresponds to the standard lives represented by the mortality table. ",
"2": "Declined lives consist of those individuals whose impairments and anticipated extra mortality are so great that they could not be provided insurance coverage at an affordable cost",
"3": "Declined lives consist of those individuals whose anticipated mortality is higher than the average or standard lives, but are still considered to be insurable. ",
"4": "Declined lives consist of those individuals whose anticipated mortality is significantly lower than standard lives and hence could be charged a lower premium. "
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
137
|
The term______ refers to the process of evaluating each proposal for life insurance in terms of the degree of risk it represents and then deciding whether or not to grant insurance and on what terms
|
{
"1": "Reinsurance",
"2": "Risk Management",
"3": "Underwriting",
"4": "Claims Management"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
138
|
What is the role of an agent in ensuring the accuracy of information provided in a proposal form
|
{
"1": "The agent only provides general information and has no responsibility in verifying the accuracy of the information",
"2": "The agent is responsible for verifying the information provided in the proposal form",
"3": "The agent has no role to play in ensuring the accuracy of the information",
"4": "The agent only assists in filling out the proposal form and has no responsibility in verifying the accuracy of the information"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
139
|
Which of the following is the most common way of dealing with sub-standard risks
|
{
"1": "Rejecting the risk",
"2": "Accepting the risk with a discount",
"3": "Accepting the risk without any extra charges",
"4": "Acceptance with an extra"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
140
|
Which of the following scenarios might result in a life insurance underwriter declining a proposal for insurance
|
{
"1": "Mr. X who has a minor cold at the time of application",
"2": "Mr. Y who has a family history of heart disease",
"3": "Mr. Z who has had cancer and has little chance of remission",
"4": "Mr. T who has had a recent cataract surgery"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
141
|
Which of the Statements is Correct
|
{
"1": "Minors can enter into contracts freely without any legal obligations",
"2": "A proposal on the life of a minor has to be submitted by another person who is related to the minor in the capacity of a parent or legal guardian. ",
"3": "Minors have the same contracting power as adults",
"4": "Minors can enter into life insurance contracts"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
142
|
What is the significance of a person's blood pressure as an indicator of disease
|
{
"1": "It can indicate malfunctioning of the urinary system",
"2": "It can indicate impairment of the endocrine system",
"3": "High blood pressure can have serious health consequences",
"4": "It does not indicate any disease"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
143
|
A life insurance company paid the treatment costs to insured during the event of hospitalisation of the insured during the policy term. This is an example of ________________.
|
{
"1": "Survival benefit payments",
"2": "Surrender value",
"3": "Rider benefit",
"4": "Conditional assignment"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
144
|
Which of the below death claim will be treated as a non- early death claim by the insurance company?
|
{
"1": "If the insured dies within one year of policy tenure",
"2": "If the insured dies within two years of policy tenure",
"3": "If the insured dies within three years of policy tenure",
"4": "If the insured dies after five years of policy tenure"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
145
|
There are various events which can trigger survival claims. Identify which of the below statement is incorrect with respect to the events which can trigger survival claims?
|
{
"1": "An instalment payable upon reaching the milestone under a money-back policy",
"2": "Critical illnesses covered under the policy as a rider benefit",
"3": "Surrender of the policy by the assignee",
"4": "Maturity of a term insurance plan"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
146
|
Identify the event which can trigger the event of surrender value payment by the insurance company?
|
{
"1": "The event will be triggered on the accidental death of life insured within policy term",
"2": "The event will be triggered when an instalment becomes payable upon reaching a certain milestone",
"3": "The event will be triggered when the policyholder decides to cancel the contract",
"4": "The event will be triggered on maturity of the policy"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
147
|
The claim form consists of which of the following? I. Details of the proposer and the policy number under which the claim is made II. Details of the patient III. Reason for the claim – for which the hospitalization was done and the cause of illness IV. Period of hospitalization
|
{
"1": "I, II and IV",
"2": "II, III and IV",
"3": "I, III and IV",
"4": "I, II, III and IV"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
148
|
Which of the following is a specified event where a claim is paid to the insured?
|
{
"1": "Ramesh loses his job and cannot pay his premiums",
"2": "Ramesh decides to cancel his policy before the maturity period",
"3": "Ramesh's policy reaches the maturity period",
"4": "Ramesh decides to take a loan against his policy"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
149
|
Ajit's wife has passed away, and he needs to submit the required forms for a death claim. Which of the following documents will he need to submit in addition to the claim form
|
{
"1": "Marriage certificate",
"2": "Death certificate issued by municipal authorities",
"3": "Passport copy",
"4": "Driving Licence"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
150
|
Which of the following options best illustrates the role of an agent as described in the given passage
|
{
"1": "Mr. Ramesh's agent only provided him with the necessary claim forms and did not assist him in submitting them at the insurer's office",
"2": "Mr. Suresh's agent refused to help him with the claim forms since he had not procured any business from Mr. Suresh's family before",
"3": "Mr. Ganesh's agent helped him in accurately filling up the claim forms and assisted him in submitting them at the insurer's office, thereby generating goodwill and future business opportunities",
"4": "Mr. Nilesh's agent helped him fill up the claim forms but did not assist him in submitting them at the insurer's office"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
151
|
All the statements given below related to Employees’ State Insurance Scheme are true EXCEPT:
|
{
"1": "This scheme was introduced for central government employees and provides comprehensive health services through a network of its own dispensaries and hospitals",
"2": "ESIC (Employees State Insurance Corporation) is the implementing agency",
"3": "All workers earning wages up to Rs. 15, 000 are covered under the contributory scheme",
"4": "Employee and employer contribute 1. 75% and 4. 75% of pay roll respectively; state governments contribute 12. 5% of the medical expenses"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
152
|
All the statements given below related to Central Government Health Scheme are true EXCEPT:
|
{
"1": "The Central Government Health Scheme (CGHS), which was introduced in 1954",
"2": "The CGHS is only for the central government employees including pensioner and their family member working in civilian jobs",
"3": "It aims to provide comprehensive medical care to employees and their families and is fully funded by the employer (central government)",
"4": "The services are provided through CGHS’s own dispensaries, polyclinics and empanelled private hospitals. "
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
153
|
All the options given below are lifestyle factors that determine the health of any individual EXCEPT:
|
{
"1": "Exercising",
"2": "Eating within limits",
"3": "Safe drinking water",
"4": "Avoiding worry"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
154
|
Which of the following is an example of communicable disease caused due to environmental factors like bad hygiene?
|
{
"1": "Influenza",
"2": "Malaria",
"3": "Dengue",
"4": "Asbestosis"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
155
|
Which of the following is an example of communicable disease caused due to environmental factors like bad hygiene?
|
{
"1": "Chickenpox",
"2": "Malaria",
"3": "Dengue",
"4": "Asbestosis"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
156
|
Which of the following factors are mostly in the control of an individual for maintaining good health
|
{
"1": "Social factors",
"2": "Genetic factors",
"3": "Environmental factors",
"4": "Lifestyle factors"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
157
|
Which diseases are spread due to bad hygiene and environmental sanitation
|
{
"1": "Cancer and AIDS",
"2": "Hypertension and diabetes",
"3": "Influenza and chickenpox",
"4": "None of the above"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
158
|
Does a country's social and economic progress depend on the health of its people
|
{
"1": "No, there is no relationship between the two",
"2": "Yes, there is a direct relationship between the two",
"3": "The relationship is indirect",
"4": "The relationship is uncertain"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
159
|
What is the main aim of healthcare services
|
{
"1": "To create more jobs for healthcare providers",
"2": "To promote, maintain, monitor or restore health of people",
"3": "To make healthcare facilities expensive",
"4": "To make healthcare services difficult to access"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
160
|
Which of the following statements is true regarding the setting up of healthcare facilities
|
{
"1": "Healthcare facilities should be based on the probability of the incidence of more severe illnesses like Hepatitis B",
"2": "Healthcare facilities should be based on the frequency of less severe illnesses like cold and cough",
"3": "Healthcare facilities should be based on the availability of nearest railway station",
"4": "Healthcare facilities should be based on the investment capacity of healthcare providers"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
161
|
Which of the following statements is true regarding secondary healthcare services
|
{
"1": "They are provided by primary care physicians",
"2": "They are only available to inpatients",
"3": "They are the first point of contact for patients within a health system",
"4": "They include ambulance facilities and diagnostic services"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
162
|
Which healthcare provider would Mr. Sagar most likely visit first if he is feeling sick
|
{
"1": "A specialist at a hospital",
"2": "A primary healthcare provider",
"3": "A dentist",
"4": "A pharmacist"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
163
|
Which of the following defines primary healthcare
|
{
"1": "Healthcare services provided by doctors, nurses and small clinics",
"2": "Healthcare services provided by medical specialists",
"3": "Specialized consultative healthcare",
"4": "Ambulance services and pathology services"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
164
|
Which health insurance scheme aims to provide comprehensive medical care to central government employees and their families
|
{
"1": "Central Government Health Scheme",
"2": "Employees’ State Insurance Scheme",
"3": "Commercial Health Insurance",
"4": "None of the above"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
165
|
Which section of the Income Tax Act allows individuals to deduct premiums paid towards Health Insurance from taxable income
|
{
"1": "Section 80 B",
"2": "Section 80 C",
"3": "Section 80 E",
"4": "Section 80 D"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
166
|
Which type of health insurance policy is allowed to be deducted from taxable income under Section 80 D of the Income Tax Act
|
{
"1": "Any health insurance policy",
"2": "Only policies provided by the Government",
"3": "Only policies provided by life insurers",
"4": "Only policies provided by non-life insurers"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
167
|
Which of the following statements is true about the development of health insurance in India
|
{
"1": "The first standardised health insurance product for individuals and their families in India was introduced in 2001 by private players in the insurance sector",
"2": "The Central Government Health Scheme (CGHS) was introduced for blue-collar workers employed in the formal private sector",
"3": "Employees’ State Insurance Scheme (ESIS) provides comprehensive health services through a network of its own dispensaries and hospitals for blue- collar workers employed in the formal private sector",
"4": "Health insurance in India began with the introduction of commercial health insurance by non-life insurers in 1986"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
168
|
Which of the following is not a type of private health care provider in India
|
{
"1": "Solo practitioners",
"2": "Diagnostic laboratories",
"3": "Corporate hospitals",
"4": "Government clinics"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
169
|
The following intermediary facilitates carrying out of pre-insurance medical examinations in connection with underwriting of the health insurance policies
|
{
"1": "Insurance Broker",
"2": "Third Party Administrator",
"3": "Surveyor and Loss Assessor",
"4": "Reinsurance Broker"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
170
|
Identify the true statement I. Critical illness policies are usually available for persons in the age group of 21 years to 65 years. II. The sum insured offered under these policies is quite low.
|
{
"1": "Only I is true",
"2": "Only II is true",
"3": "Both I and II are true",
"4": "Both I and II are false"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
171
|
Which of the following is an example of package policy? I. Health plus life combi product II. Shopkeepers policy III. Householder's policy
|
{
"1": "Only I",
"2": "I and II",
"3": "II and III",
"4": "I, II and III"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
172
|
What is the free look in period for health insurance policies
|
{
"1": "15 days",
"2": "20 days",
"3": "30 days",
"4": "45 days"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
173
|
A Life Assurance Company paid the Treatment Costs to the Insured, During the Event of Hospitalisation of the Insured, During the Policy-Term. This is an Example of --.
|
{
"1": "Survival-Benefit Payments",
"2": "Surrender-Value",
"3": "Rider-Benefit",
"4": "Conditional Assignment"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
174
|
Ms. Kavita purchases a Critical Illness (C. I. ) Rider, along with, a Term Assurance Plan, from ABC Insurance Company. How Will, the Company ascertain the Claim for the Critical Illness (C. I. ) Rider? Choose the Most Appropriate Option.
|
{
"1": "Claim will be ascertained, as per the Conditions, stipulated in the Policy. ",
"2": "Claim will be ascertained, based on the Dates, which are determined, at the Beginning of the Contract, it-self. ",
"3": "Claim will occur, when the Policy-Holder decides to cancel the Contract. ",
"4": "Claims will be ascertained, based on the Medical and Other Records, provided by the Policy-Holder, in Support of Her Claim. "
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
175
|
What type of information is included in the medical questionnaire required in case of adverse medical history in the proposal form
|
{
"1": "PAN Number",
"2": "Personal bank details",
"3": "Detailed information on diseases such as Diabetes, Hypertension, Chest pain or Coronary Insufficiency or Myocardial Infarction",
"4": "Details of any other insurance with other insurer"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
176
|
What information does the insurer consider when deciding to accept a proposal
|
{
"1": "Details of the insured",
"2": "Details of the subject matter",
"3": "Previous history of insurance and claim experience",
"4": "All of the above"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
177
|
What does UIN in Health Insurance Stand for
|
{
"1": "The unique identification number of the policy document",
"2": "The unique identification number of the insurer",
"3": "The unique identification number of the product",
"4": "The unique identification number of the policyholder"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
178
|
What is a condition in an insurance contract
|
{
"1": "It is a provision in the contract that can be changed at any time",
"2": "It is a provision in the contract that outlines the rights of the policyholder",
"3": "It is an optional provision that may or may not be included in the agreement. ",
"4": "It is a provision in the contract that forms the basis of the agreement"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
179
|
Which of the following statements about conditions in an insurance policy is true
|
{
"1": "A breach of condition makes the policy voidable at the option of the insured",
"2": "A breach of condition makes the policy voidable at the option of the insurer",
"3": "They are not important in determining the basis of the agreement",
"4": "They are optional provisions in an insurance contract"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
180
|
What is an endorsement in insurance policy
|
{
"1": "A document attached to the policy that covers all perils and exclusions",
"2": "A document that specifies the standard terms and conditions of the policy",
"3": "A document that sets out changes or amendments to the policy",
"4": "A document that provides additional coverage to the policy"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
181
|
Identify the true statement I. Health plus life combi products are jointly designed by the two insurers and marketed through the distribution channels of both insurers II. For health plus life combi products, the claims are handled by the insurers jointly
|
{
"1": "Only I is true",
"2": "Only II is true",
"3": "Both I and II are true",
"4": "Both I and II are false"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
182
|
What are the benefit payout provided under 'Critical Illness cover'?
|
{
"1": "Actual medical expenses incurred due to hospitalization",
"2": "A fixed sum per day for the period of hospitalization",
"3": "Payout on occurrence of a pre-defined critical illness like heart attack, stroke, cancer etc",
"4": "All of the above"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
183
|
Hospital daily cash policy provides towards benefits: I. Incidental expenses II. Expenses not payable under the indemnity policy III. Expenses non payable under Co-pay
|
{
"1": "Only I",
"2": "I and II",
"3": "II and III",
"4": "I, II and III"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
184
|
ABC Insurance Company assumes a high interest rate in their premium calculations. This mean that:
|
{
"1": "Premium charged will be higher",
"2": "Premium charged will be lower",
"3": "Premium charged will remain unchanged",
"4": "Premium charged will fluctuate wildly"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
185
|
Which of the following health insurance products is a fixed benefit plan for payout on occurrence of a pre- defined critical illness like heart attack, stroke, cancer etc. ?
|
{
"1": "Indemnity cover",
"2": "Fixed benefits cover",
"3": "Critical Illness cover",
"4": "All of the above"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
186
|
What are the two broad categories of health insurance products
|
{
"1": "Home care covers and personal accident covers",
"2": "Indemnity covers and hospital cash (fixed benefit) covers",
"3": "Dental covers and critical illness covers",
"4": "Out-patient covers and travel covers"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
187
|
Which category of health insurance products constitutes the bulk of the health insurance
|
{
"1": "Indemnity covers",
"2": "Home care covers",
"3": "Personal accident covers",
"4": "Hospital cash (fixed benefit) covers"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
188
|
What is the other name for Fixed benefit covers
|
{
"1": "Out-patient covers",
"2": "Travel covers",
"3": "Dental covers",
"4": "Hospital cash"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
189
|
Which of the following is true regarding long term health products offered by Life Insurance Companies
|
{
"1": "Premium for such products shall remain unchanged for at least a period of every block of four years",
"2": "Premium for such products shall remain unchanged for at least a period of every block of two years",
"3": "Premium for such products shall remain unchanged for at least a period of every block of three years",
"4": "Premium for such products shall remain unchanged for at least a period of every block of five years"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
190
|
What is the minimum size of a Group for which Group Health Insurance Policy can be issued
|
{
"1": "3",
"2": "5",
"3": "9",
"4": "7"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
191
|
What is the maximum tenure for Credit Linked Group Personal Accident policies offered by General Insurers and Health Insurers
|
{
"1": "5 years",
"2": "1 year",
"3": "2 years",
"4": "3 years"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
192
|
What is the provision in case an insured has taken health policies from multiple insurance companies that provide fixed benefits
|
{
"1": "The insurance companies will split the claim payment evenly",
"2": "Each insurance company will make claim payments independently according to their policy's terms and conditions",
"3": "The insured must choose one policy to use for all claim payments",
"4": "The insured must provide proof of which policy they want to use for each claim"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
193
|
What is the purpose of IRDA Guidelines on Standardization in health insurance
|
{
"1": "To provide more confusion among insurers and customers",
"2": "To make it difficult for customers to compare products and take a considered decision",
"3": "To remove the confusion among insurers, service providers, TPAs, and hospitals",
"4": "To limit the number of health insurance providers in the market"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
194
|
What types of insurance products do the IRDA guidelines on standardization in Health Insurance apply to
|
{
"1": "All insurance product",
"2": "All health insurance products, including PA and Domestic/Overseas travel",
"3": "All health insurance products, excluding group policies",
"4": "All general and health insurance products, excluding PA and Domestic/Overseas travel - Indemnity based health products Offered by general / health insurers"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
195
|
What is the purpose of a Hospitalization indemnity policy
|
{
"1": "To only provide coverage for expenses before and after hospitalization",
"2": "To indemnify the policyholder by covering expenses during hospitalization",
"3": "To provide coverage for all medical expenses",
"4": "To exclude expenses related to hospitalization"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
196
|
What is the minimum prescribed period of hospitalization after which the policy provisions come into force
|
{
"1": "24 hours",
"2": "12 hours",
"3": "36 hours",
"4": "48 hours"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
197
|
Which of the following procedures are covered under the policy
|
{
"1": "Dental procedures",
"2": "Eye surgeries",
"3": "Cosmetic surgeries",
"4": "None of the above"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
198
|
Which of the following statements is true about the indemnity based Mediclaim policy
|
{
"1": "The policy does not cover infants",
"2": "The policy does not cover Sr. Citizen",
"3": "The policy does not cover expenses related to hospitalization",
"4": "The policy covers only inpatient hospitalization expenses"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
199
|
What are Post hospitalization expenses
|
{
"1": "Expenses incurred during hospitalization",
"2": "Expenses incurred after hospitalization",
"3": "Expenses incurred before hospitalization",
"4": "Expenses not covered by insurance"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
200
|
What is the duration of cover for Pre and Post hospitalization expenses
|
{
"1": "60 days pre and 30 days post hospitalization",
"2": "90 days pre and 30 days post hospitalization",
"3": "30 days pre and 90 days post hospitalization",
"4": "30 days pre and 60 days post hospitalization"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
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