For his investment need, Ravi has parked funds in equity. The returns from this form of investment can be categorized as
While calculating the expected returns from investments and savings, an individual should make provisions for
Vijay, aged 30 years and married, is the sole bread winner for his family. He is saving enough with banks.As an agent, which need you prioritize first?
The Central Bank has recently announced the decrease in interest rates. The prices of bonds are
Rohit is working as sales manager with an FMCG company. His job requires him to travel across states. He is planning of covering his additional risk involved while travelling and a savings plan. What suggestion would you give him as an agent?
The general need for purchasing a health insurance plan at an early age results from which of the following factors?
The life expectancy in India is constantly improving and is well above 60 years. This also brings along challenges. These challenges can be covered through
Anand has purchased a pension plan which is nearing completion of accumulation phase. He is in need of finances to make down payment of car he wants to purchase. At the end of accumulation phase how much he can make tax free withdrawal?
During the fact finding session as an agent you should follow which one of the following process?
As an adviser why is it essential for you to carry out the financial planning exercise with the prospective clients?
After undertaking financial planning exercise, the prospective client said that he does not have funds for investments. To resolve this query, which skill of an agent would be tested?
The objective of Fact Finding is to
To explain the benefits of a product, the insurance adviser should
The agents duties and responsibilities ends
When client declines the recommendation by the insurance adviser even after resolving the concerns, the adviser should
Under what circumstances the surrender of a policy should be recommended by the agent?
What key benefit high persistency ratios have on insurance adviser?
Insurer will not pay the claim unless
Aman has taken a term plan for 20 years. In the 3rd year he suffered financial crisis due to which he was unable to pay premium within grace period and died after 1 month. The nominee files a claim and is rejected because
When a policy is lost, insurance company take utmost care while settling maturity claims because
What key event is most likely to make an insurance contract not a valid contract?
Under Married Women’s Property Act, 1874 a policyholder is
Who has the authority in insurance company to issue/cancel the agents license
Which organization was formed with purpose to promote insurance education and training in India?
A client demands the information on the current status of a policy indicating accrued bonus. The insurer should provide communication within
To ensure that the customers complaints are handled effectively, IRDA has established
Amit & Rashmi are newly married. Both are working couple. They want to invest their savings of 100,000 annually to build corpus to make down payment for their house 5 years from now. An adviser sold than a unit link product to meet their requirement. Thi
Shankar, an adviser, sold a term insurance policy and unit-linked insurance policy (ULIP) to Amar, the client, who is unmarried and has no dependent. Consequently, Shankar’s action can be termed as
Insurance business is classified into three main types:
Amit is looking for term insurance plan for protection of his family, he is advised to approach to:
Insured can contact to seek the resolution of grievances they have against insurer to IRDA through:
An Insurance company pools the premium collected from several Individual to insure them against similar risk is called:
Which of the following Risk is associated with those events which are not in control of an individual and also no possibility of making profit:
which of the following refres to specific event which might cause a loss ...
Manish took a loan from Pankaj of Rs.10 lac, Pankaj transferred his Insurance policy to Manish of Rs.10 lac as a security with the agreement Of when Loan is fully paid, policy title will be revert back to name of Manish is called:
Rakesh has bought an Endowment, Money back, Term & Annuity Plan he would like to avail Loan from:
On foreclosure, if Death claim arises before the payment of the surrender value, the payment would be payable to:
To prove one’s identity in accordance with KYC process, the customer needs to submit following document excluding ……….?
Life Insurance also known as:
Which clause lays down the mutual obligation of the parties regarding, Payment of Premium by Life assured & payment of Sum Assured by
Gaurav is working in MNC at the age of 32 bought an Endowment Plan. He had nominated his 1 year old daughter Saanvi, but not able to get the Signature of her appointee due to unavailability of his spouse .after 5 year. He died in road accident, now claim
Parvesh bought a policy an endowment plan but after one year insurer. Found he had Aorta Surgery .now which will apply by insurer:
Jyoti is submitting is copy of permanents account number card as age proof for buying an money back plan .her age consider as a
Which one of the following bonuses is given by insurer as an incentive to the insured to for long term:
Ramesh bought an endowment plan for tern year he pays the same Amount in every year is called:
Which one of the following is not source of information about the
Manish being a sole earning member of his family not insured himself But looking for insurance for his son who is student .there is possibility of
In Group insurance plans contract of insurance between …………?
Which option is not correct with regard to joint life insurance plan?
Time deposit account is issued by:
RAP Exam Demo Test 12
35% Overall marks for Passing
RAP Exam Demo Test 12
35% Overall marks for Passing
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