Insurance

1. Who could not be a claimant under a policy?

Appointee
Assignee
Legal heir
Minor nominee

Detailed

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SolutionWho could not be a claimant under a policy?

2. In what plan of insurance is medical examination never required?

Endowment
Pure endowment
Group insurance
Term assurance

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href="https://exam.pscnotes.com/mcq/in-what-plan-of-insurance-is-medical-examination-never-required/#more-32002">Detailed SolutionIn what plan of insurance is medical examination never required?

3. Which is not a recent phenomenon in health insurance industry segment?

Hospital chains are allowed by IRDA to enter health insurance business
Tremendous growth of health insurance business is tapped by standalone companies
Standalone companies are specifically barred from covering rural masses
None of the above

Detailed SolutionWhich

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is not a recent phenomenon in health insurance industry segment?

4. In a money back plan, what is the death claim payable?

Sum insured
Sum insured less survival benefits paid already
Bonus
Nothing is payable

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claim payable?" class="read-more button" href="https://exam.pscnotes.com/mcq/in-a-money-back-plan-what-is-the-death-claim-payable/#more-32001">Detailed SolutionIn a money back plan, what is the death claim payable?

5. In which of the following types of claim will insurer order an investigation?

Early death claim
Non-early claim
Maturity claim
Surrender

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SolutionIn which of the following types of claim will insurer order an investigation?

6. Exclusions in a health insurance policy mean

Diseases covered under health cover
Diseases specifically not covered
Both A & B
None of the above

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7. If a policyholder dies within the grace period, then

The claim will be rejected
The claim will be paid subject to policy conditions
The claim is payable after deducting the premium
None of the above

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policyholder dies
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within the grace period, then" class="read-more button" href="https://exam.pscnotes.com/mcq/if-a-policyholder-dies-within-the-grace-period-then/#more-31998">Detailed SolutionIf a policyholder dies within the grace period, then

8. Which of the following options are correct?

Notice of assignment has to be given to the insurer
Notice of nomination has to be given to the insurer
Both A & B
None of the above

Detailed SolutionWhich of the following options are correct?

9. In traditional life insurance policies, the investment risk is borne by the _________, while in unit linked plans, the investment risk is borne by the _________.

Policyholder, unitholder
Insurance company, unitholder
Insurance company, insurance company
Policyholder, insurer

Detailed SolutionIn traditional life insurance policies, the investment risk

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is borne by the _________, while in unit linked plans, the investment risk is borne by the _________.

10. Who is primary underwriter or field underwriter?

Development officer
Insured
Agent
Insurer

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