An indemnity bond was signed in a policy when the claim was paid. This indicates that the policy was.
Manish and Manisha is a married couple with one child. They want to plan for savings, child education/marriage and their retirement and protection of income. Which should be their lowest priority?
While calculating HLV along with future income, no of years of work, increments in salary what is also to be taken in to account?
Vishal and sandeep applied for a health plan in XYZ Life Insurance Company. Vishal is asked to undergo a medical checkup but Sandeep is not asked to do so. What will be most possible reason?
During fact finding, What will be the next step after Identifying clients need
What is the similarity between Recurring Deposits & cumulative deposits in a bank
Mrs. Sheela received some amount out of her husband’s death. In such a situation what will be her prime focus?
Mr. Kunal used to participate in Car race. While taking up the Insurance policy he disclosed this information. What kind of hazard does it refers to
Which of the following falls under voidable contract?
Law of large numbers is worked out by which of the following?
If a client wants to compare between all financial products then the best person he can approach is
If a person want to maintain emergency funds the best place is a bank or
During a fact finding process the need analyzed were income replacement and children’s education. But the customer insists on only a child plan for the time being and asks the agent to give him a child plan. The agent should.
If a case is already before the consumer forum, then the ombudsman should
If the sum assured remains the same, what will be impact of net premium if the age of the policyholder increases
What is the advantage of converting physical gold assets to gold ETFs.
Suresh wants to transfer his physical gold to gold exchange traded fund,in relation to access, this change will
For which of the following reasons, the underwriter should ask beyond agent’s confidential report.
After doing the need analysis of the client, the agent advised the client to opt for TROP product. But the client refused. According to ethical business practices what will the agent do ?
Generally insurance companies do not hold the premium in case of a fraud or misrepresentation. However, due to which of the following circumstances the insurer can retain the premium of the policyholder
With pooling of risks an insurance company pools the premium collected from several individuals to insure them against similar risks. At what circumstances will the insurance companies pool the risk of a life insurance and health insurance together?
In case the customer has stopped making payment for the premium of the policy. What are the two most important things required in order to reinstate the policy?
Frequent switching is not advisable in ULIP plan because it increase
An insurance agent sold two policies to two different persons having the same policy term. He declares the commission to each of them. The commission of one of the policy is more than the other. What should be the reasons for this difference?
Open market option under Annuity policy would extend which of the following benefit?
Akash is an Unmarried person and employed with company ABC and drawing a handsome salary. He has no liabilities. What kind of plan can be suggested to him?
What should an agent do in order to understand the mental state of client in respect to his investments in saving products
Ajit and vijit are 2 friends paying same premium for health insurance. Why ajit has higher tax exemption eligibility than vijit
Sumit is having 2 children. He wishes to have health cover for himself and his wife. Which suits him the most?
A policy holder is not satisfied with the services of the insurer and complains to ombudsman. In how many days from receipt of the complaint the ombudsman should pass the recommendation.
As per claims assessment process if a claim arises within a few days of the start of the policy which factor should the insurer check in the first place?
A and B start their policies on the same date and surrender on 22nd anniversary of the policy. But A’s surrender value is higher than B. the reason was ;
In life insurance industry which mechanism operates so as to enable the individuals to reduce the impact of risks
Which from the following would help best the underwriter to know whether the proposer had applied previously and his application was rejected
A policyholder wants to change the nomination after 5 years of the policy. What would happen
An insurer can invoke indisputability clause in case of death only in
Compound reversionary bonus of 4 % will be calculated on
A proposer shows his age lesser than his actual age. This will be termed as
An agent recommends a term plan in keeping with the ethical standards since it was suitable to client’s needs. In such a case what is the percentage of commission which he can rebate so as to beat the competition
A client has got some funds and wants to provide for retirement and margin money. What should be his priority
While planning for retirement fund to calculate the required amount needed at that time we should consider as priority
While calculating retirement fund required for a self employed person which of the following option will automatically be ruled out
A client has his investment in equity shares. Agent advises him to keep it in equity based mutual fund. This will make the risk
Ajay is 35 years old. He wants good amount of life insurance cover along with savings element with no defined term. Which plan should be suggested
Which of the following act from agent will be specifically useful in case of annual premium policies compared to monthly mode policies
Underselling life insurance comes under unethical practices because
During product recommendation the agent should explain the product in relation to
The income of an individual can be protected with the help of
As per the IRDA circular an insurance agent
During the recommendation stage the advisor needs to
RAP Exam Demo Test 6
35% Overall marks for Passing
RAP Exam Demo Test 6
35% Overall marks for Passing
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