Insurance

1. A deductible is usually mentioned in

Rupee
Dollar
Euro
Any currency

Detailed SolutionA deductible is usually mentioned in

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

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

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

Coinsurance
Deductible
Copay
Health Insurance

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

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

Detailed SolutionIn costumer relationship the first impression is created

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

Policy schedule
Standard provisions
Specific policy provisions
Claim procedure

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

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

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.

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

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

8. Where was the Universal Life Policy introduced first?

USA
Great Britain
Germany
France

Detailed SolutionWhere was the Universal Life Policy introduced first?

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

58C
65B
78A
80C

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

10. The first part of the policy document deals with

Policy claim settlement procedure
Policy schedule
Standard provisions
Specific policy provisions

Detailed SolutionThe first part of the policy document deals with

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