Mr. Anil has a money back policy and a whole life policy. He is planning to take some loan from both the policies as he was regularly paying the premium. What is your suggestion?
Mr. Kartik got a job recently, he can’t afford to pay to pay the higher premium as of now but in future once he settles down with his job he can pay higher premium. Which one will be the best plan?
An agent was explaining to his customer the guaranteed benefits of the product. Which one of the following documents he would have used to explain the same?
Mr. Mehra wants to insure his wife. Previously his proposal was rejected by another company, but this time he submits the proposal form without showing this to a new company. This is
When does nomination get invalidated
Law of large numbers help in calculating the
A lien is generally used as a substitute to charging
If the customer wants to seek information about all products, then he can avail the services of
In case of pension plans a guaranteed minimum return of 4.5 % is applicable when the plan is
A married couple having 9 year old child have to consider life insurance, health insurance, child investment & retirement plans for their better future as a family but at present condition which aspect should be kept at lowest priority?
The main reason why an agents act of underselling insurance is treated as a unethical behavior is
In which type of insurance Insurable Interest exists at the time of claim?
In a process of completion of an insurance proposal, an agent finds that the intention of the proposer was not genuine. In this case what should the agent do?
The documents likely to provide the underwriter of an insurance company, the details relating to the previous subject application, which have been accepted as non-standard..
If the agent recommends the client to terminate an endowment plan and take a whole life in order to earn higher commission its termed as
After completing a Fact Finding activity for a client, who is self employed, the main reason why it is important to record the type of work that he is involved in is…
A low persistency ratio for the insurance company means that:
Mr. Shyam is having 9 year old child. Which product is not to be given priority?
Which is the best option to manage risk?
What is the major reason for self employed to take insurance.
What is the major reason for conducting fact finding exercise?
If 5% bonus is given every year then for a SA of 1 lakh, what will be the payout after 15 years in a simple revisionary bonus system?
The guidelines for annual assumed growth rate are given by
Pricing element is done by
AML Program of every insurer to include _______________, apart from Procedure, Training and audit.
Ravi was expecting a claim amount of Rs. 12, 00,000 from insurer. But it was rejected. He feels that it is repudiated on wrong reasons. Which consumer forum can he approach?
Vijay received his policy bond on 11th June, 2011. Due to some personal problems he has decided to cancel the policy on 8th July, 2011. Can he cancel or return the policy?
Naresh is married and his daughter Sneha is 3 years old. Which plan can he take?
Vinay doesn’t want to take insurance on himself. He feels that his family will survive with the funds available in the bank and monthly rentals received from village. This comes under Risk ______
Naveen, aged 32 years, has taken money back plan. He is a teacher by profession. Naveen referred Prasad to Ram. Prasad is also teacher. Ram who is an agent advised Prasad to take money back plan as he is of same age (33 years). Is it the right advice?
Ajay has bought an endowment insurance plan with a cover of Rs. 10, 00,000 for a term of 15 years. Ajay died after 4 years. Insurance company will not treat this claim as ________ claim.
What is the minimum Sum Assured allowed for Micro Insurance?
What does MDRT Stand for?
In a case, the underwriter felt that the risk associated with the person would decrease with time, then he would accept the case with
If the recommendation of the agent has been rejected by the client, the agent should:
Which of the following is true regarding Family Floater Health Insurance Plan?
In what proportion is the cover in a Family Floater Plan shared?
To identify suitable products their main features and their tax treatments is the role of:
The rider which is given by the Insurance company pays for the treatment costs in the event of hospitalization of the insured person is called
Mr. X is married with wife, 2 children and aged parents Health premium is allowed for
Maximum Life cover
As per AML regulation, it allows cash premium not over than
Bank interest is accumulated
_____ controls monetary system in India
Hospitalization rider has the following benefit:
The main purpose of buying an insurance policy normally is
Insurance is a mechanism through which risk of an individual can normally be
In the context of Insurance terminology, how the meaning of ‘Peril’, ‘Risk’ and ‘Hazard’ is best described?
Pooling of risks is one of the fundamental principles of insurance where the Insurers pool the premium collected from
Rohit, 17 years old, submitted a proposal for Endowment plan of Rs.1 lac to AB Insurance Co. In the absence of an essential ingredient of a valid contract, the proposal was not accepted. Which factor caused the insurer for non-acceptance of the proposal
RAP Exam Demo Test 7
35% Overall marks for Passing
RAP Exam Demo Test 7
35% Overall marks for Passing
Please share this quiz to view your results .