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Insurance

1. A deductible is usually mentioned in

Rupee
Dollar
Euro
Any currency
Answer is Right!
Answer is Wrong!

Detailed SolutionA deductible is usually mentioned in

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2. Which of the below tips are useful making a good first impression?

Being on time always
Presenting yourself appropriately
Being open , confident and positive
All of the above
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Answer is Wrong!

Detailed SolutionWhich of the below tips are useful making a good first impression?

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3. Which is a fixed amount for a covered service in the health sector?

Coinsurance
Deductible
Copay
Health Insurance
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Answer is Wrong!

Detailed SolutionWhich is a fixed amount for a covered service in the health sector?

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4. In costumer relationship the first impression is created

By being confident
By being on time
By showing interest
By being on time , showing interest and being confident
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Answer is Wrong!

Detailed SolutionIn costumer relationship the first impression is created

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5. Which of the below forms first part of a standard insurance policy document?

Policy schedule
Standard provisions
Specific policy provisions
Claim procedure
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Answer is Wrong!

Detailed SolutionWhich of the below forms first part of a standard insurance policy document?

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6. When an applicant is seeking license for the first time, he / she is supposed to undergo _________of practical training (from an approved institution) in life insurance.

25 hours
50 hours
75 hours
100 hours
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Answer is Wrong!

Detailed SolutionWhen an applicant is seeking license for the first time, he / she is supposed to undergo _________of practical training (from an approved institution) in life insurance.

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7. For the subsequent premiums received by the insurance company after the first premium, the company will issue _________.

Revival premium receipt
Restoration premium receipt
Reinstatement premium receipt
Renewal premium receipt
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Answer is Wrong!

Detailed SolutionFor the subsequent premiums received by the insurance company after the first premium, the company will issue _________.

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8. Where was the Universal Life Policy introduced first?

USA
Great Britain
Germany
France
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Detailed SolutionWhere was the Universal Life Policy introduced first?

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9. Investment in ULIPs is related to which section of the Income Tax Act?

58C
65B
78A
80C
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Answer is Wrong!

Detailed SolutionInvestment in ULIPs is related to which section of the Income Tax Act?

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10. The first part of the policy document deals with

Policy claim settlement procedure
Policy schedule
Standard provisions
Specific policy provisions
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Answer is Wrong!

Detailed SolutionThe first part of the policy document deals with

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