Q.

:- The consequences of these risks which will affect specific individuals or local
communities in nature are called as?
Ans: - particular risk
Q.:- Pooling of insurance applies to?
Ans: - All Type insurance (Only life insurance, only non-life insurance)
Q.:- Both the parties to a contract must agree and understand the same thing and in the
same sense which is called
Ans: - Consensus ad idem.
Q.:- A contract exists between insurer and proposes when
Ans: - A proposal has been accepted by insurer.
Q.:- Appointer’s Role
Ans: - When nominee is minor
Q.:- Payment of premium and sum assured are laid down in
Ans: - Operative clause
Q.:- Which clause lays down the mutual obligation the parties regarding, payment of
premium by life assured & payment sum assured by?
Ans: - Operative clause
Q.:- Lien can be considered an alternative of which of the following
Ans: - Clause.
Q.:- What is the special report that is asked by the underwriter from the officer of the
insurer?
Ans: - Moral hazard report
Q.:- The responsibility for classification and analysis of proposal form lies with whom
Ans: - Underwriter
Q.:- In underwriting the economic value of the person is determined by what
Ans: - Human life value
Q.:- Mr. Kumar decides that is employees should have SSS scheme what type of plan
is SSS
Ans: - Not a specific plan
Q.:- In cumulative bank deposit the interest that in normally compounded on what
basis.
Ans: - Quarterly
Q.:- Anand received post taxation 5% return on his fixed deposit in bank if his net
return is 3%, what can be the reason
Ans: - Inflation
Q.:- Which is the primary saving need among all saving needs?
Ans: - Contingency/Emergency fund.
Q.:- Time deposit account is issued by
Ans: - Post Office
Q.:- All ULIP pension plans have to give how much percentage as guaranteed returns
Ans: - 4.50%
Q.:- How the Daily Hospitalization cash benefit will provide benefits to policyholder
who is hospitalized
Ans: - A fixed amount on a daily basis is paid irrespective of the actual cost of treatment.
Q.:- What are the benefits to the policyholder under surgical car rider?
Ans: - Treatment cost of surgery subject to term & Condition