[amp_mcq option1=”In ULIPs, the offer bid spread is the difference between the two prices” option2=”In ULIPs, the offer bid spread, will in some cases be zero” option3=”Both the above statements are correct” option4=”Both the above statements are wrong” correct=”option3″]
Detailed SolutionState which of the following statements is correct
[amp_mcq option1=”ULIPs provide for flexibility” option2=”ULIPs are better than traditional policies” option3=”Both the above statements are correct” option4=”Both the above statements are wrong” correct=”option1″]
Detailed SolutionState which of the following statements is correct
[amp_mcq option1=”The foreign exchange regulations apply if the life insured is a non-resident” option2=”The foreign exchange regulations apply if the claimant is a non-resident” option3=”Both the statements above are correct” option4=”Both the statements above are wrong” correct=”option3″]
Detailed SolutionWhich one of the following statements is correct?
[amp_mcq option1=”Section 45 of the Act will not apply” option2=”The claim can be treated as an early claim” option3=”Foul play must be suspected” option4=”All of the above” correct=”option4″]
[amp_mcq option1=”A policy reported to be lost, may actually have been assigned” option2=”A policy has no value after the payment of survival benefits” option3=”Both the statements above are correct” option4=”Both the statements above are wrong” correct=”option1″]
Detailed SolutionWhich one of the following statements is correct?
[amp_mcq option1=”Maturity claim cheques are paid to the trustees in a MWP Act case” option2=”Maturity claim cheques are paid to the beneficiaries in a MWP Act case” option3=”Both the statements above are correct” option4=”Both the statements above are wrong” correct=”option2″]
Detailed SolutionWhich one of the following statements is correct?
[amp_mcq option1=”Whenever the policyholder feels the need for money” option2=”When the insured events happen” option3=”When a premium is not paid” option4=”Whenever any of the three things mentioned above happen” correct=”option2″]
Detailed SolutionWhen does a claim arise under an insurance policy?
[amp_mcq option1=”A presumption of death is not the same as proof of death” option2=”Presumption of death allows inheritance of property” option3=”Both the statements above are correct” option4=”Both the statements above are wrong” correct=”option3″]
Detailed SolutionWhich one of the following statements is correct?
[amp_mcq option1=”Foreclosure action cannot be taken till a notice is served on the policyholder” option2=”When a foreclosure action is taken, nothing is payable to the policyholder” option3=”Both the statements above are correct” option4=”Both the statements above are wrong” correct=”option1″]
Detailed SolutionWhich one of the following statements is correct?
[amp_mcq option1=”Revivals are not done unless the entire outstanding premium is paid” option2=”Revivals are not done unless the underwriter agrees” option3=”Both the statements above are correct” option4=”Both the statements above are wrong” correct=”option3″]
Detailed SolutionWhich one of the following statements is correct?