Sel

f-
Exami
nat
ionQuest
ions–I
NTRODUCTI
ONTOI
NSURANCE

1. Ri
skt ransfert hroughr iskpool ingi scall
ed .
I. Insur ance
2. Themeasur est or educechancesofoccur renceofr iskareknownas .
I. Losspr event i
on
3. Bytr
ansf erringr iskt oi nsurer,itbecomespossi ble .
I. Toenj oypeaceofmi ndandpl anone‟ sbusi nessmoreeffect
ivel
y
4. Ori
ginsofmoder ni nsur ancebusi nesscanbet racedt o .
I. Lloyds
5. I
ninsur ancecont ext„riskr etent ion‟indicatesasi tuati
onwher e .
I. Onedeci dest obeart her i
skandi tsef fects
6. Whichoft hef ollowi ngst at ementi st rue?
I. Insur ancepayswhent hereisl ossofasset
7. Outof400houses,eachval uedatRs.20, 000,onanaver age4housesgetbur ntever
yyearresul
ti
ng
i
nacombi nedl ossofRs.80, 000.Whatshoul dbet heannualcontri
buti
onofeachhouseownert o
makegoodt hisl oss?
II. Rs. 200/ -
8. Whichoft hef ollowi ngst atement sistrue?
I. Insur ancei samet hodofshar ingt helossesofa„ few‟by„ many‟
9. Whydoi nsur ersar rangef orsur veyandi nspectionoft heproper
tybeforeaccept
anceofarisk?
I. Toassesst her iskf orrati
ngpur poses
10.Whichoft hebel owopt i
onbestdescr ibest hepr ocessofi nsurance?
I. Shar ingt hel ossesoff ewbymany

SELFEXAMI
NEDQUESTI
ONS–Gr
ievanceManagementSyst
em

11.Expandt het ermI GMS.

I. I
ntegr atedGr ievanceManagementSyst em
12.Whi choft hebel owconsumergr ievancer edressalagenci eswoul dhandl econsumerdi sput
es
amount ingbet weenRs.20l akhsandRs.100l akhs?
I. StateCommi ssion
13. Whichamongt hef ollowi ngcannotf ormt hebasi sf oraval i
dconsumercompl aint?
I. Shopkeepernotadvi si
ngt hecustomeront hebestpr oducti nacat egory
14.Whi choft hebel owwi l
lbet hemostappr opriateopt i
onf oracust omert ol odgean
insurancepol i
cyr elatedcompl aint?
I. I
nsur anceOmbudsman
15.Whi choft hebel owst at ementi scor rectwi t
hr egar dst otheterritori
aljurisdict
ionoft he
InsuranceOmbudsman?
I. I
nsur anceOmbudsmanoper atesonlywi thinthespeci f
iedt err
it
orialli
mits
16. Howi st hecompl aintt obel aunchedwi thani nsur anceombudsman?
I. Thecompl ainti stobemadei nwriting
17. Whati sthet i
mel imi tf orappr oachinganI nsur anceOmbudsman?
I. Withinoneyearofr ej
ectionoft hecompl aintbyt heinsur er
18.Whi chamongt hef ollowi ngi snotapr e-
requisitef orl aunchingacompl aintwiththe
Ombudsman?
I. Compl ainanthast oapproachaconsumerf orum priortot heOmbudsman
19.Aret hereanyf ee/char gest hatneedt obepai df orl odgingt hecompl ai
ntwi ththe
Ombudsman?
I. Nof eeorchar gesneedt obepai d
20. Canacompl ai
ntbel aunchedagai nstapr i
vatei nsur er ?
I. Yes,compl aintcanbel aunchedagai nstpr ivat
einsur ers

SELFEXAMI
NEDQUESTI
ONSLEGALASPECTSOFANI
NSURANCECONTRACT

21.Whi
chel
ementofavali
dcont
ractdeal
swi
thpr
emi
um?
I. Consi
der
ati
on
22. r
elatest oi naccur atestatement s,whichar emadewi thoutanyf r
audul
ent
int
ention.
I
. Misr epresent ation
23. i
nvol vespr essur eappl i
edt hroughcr iminalmeans.
I
. Coer cion
24.Whichamongt hef oll
owi ngi st r
uer egar di
ngl i
feinsurancecont racts?94
I
. Theyar econt r
act sbet weent wopar t
ies(insurerandi nsured)asperr equi
rement
sof
IndianCont ractAct ,1872
25. Whichoft hebel owi snotaval idconsi derati
onf oracont ract?
I
. Bribe
26.Whichoft hebel owpar t
yi snotel igibletoent erintoal i
feinsur ancecont r
act?
I
. Minor
27.Whichoft hebel owact ionshowcasest hepr incipleof“ Uber rimaFi des” ?
I
. Disclosingknownmat eri
alfactsonani nsurancepr oposalf orm
28. Whichoft hebel owi snotcor rectwi t
hr egardst oi nsurablei nterest?
I
. Fri
endstaki ngouti nsuranceononeanother
29. Wheni si
tessent i
alfori nsur abl ei nter
estt obepr esenti ncaseofl i
fei nsurance?
I
. Att het i
meoft akingouti nsurance
30. Fi
ndoutt hepr oximat ecausef ordeat hi nthef oll
owi ngscenar io?
Ajayfall
sof fahor seandbr eakshi sback.Hel i
est hereinapoolofwat erandcont r
acts
pneumoni a.Hei sadmi t
tedt ot hehospi talanddi esbecauseofpneumoni a.
I
. Falli
ngof fahor se

Sel
f-
Exami
nat
ionQuest
ions–WHATLI
FEI
NSURANCEI
NVOLVES

31.1Whi choft hebel owi snotanel ementoft hel if

einsur ancebusi ness?
I. Subsi dy
32. Whodevi sedt heconceptofHLV?
I. Prof.Hubener
33.Whi chofthebel owment ionedi nsurancepl anshast hel eastornoamountofsavi ngselement?
I. Termi nsur ancepl an
34. Whichamongt hef ollowi ngcannotbet ermedasanasset ?
I. Air
35. Whi choft hebel owcannotbecat egorisedunderr isks?
I. Nat uralwearandt ear
36. Correctstatement sbel ow
I. Lif
ei nsur ancepol iciesarecontractsofassurancewhi l
egener ali
nsurancepolici
esare
cont ractsofi ndemni ty
37.Whichamongt hef ollowi ngmet hodsi satraditi
onalmet hodt hatcanhelpdet er
mi netheinsurance
neededbyani ndi vidual ?
I. HumanLi feVal ue
38.Whichoft hebel owi st hemostappr opri
ateexpl anati
onfort hefactthatyoungpeopl earechar ged
lesserlif
ei nsur ancepr emi um ascompar edt ooldpeopl e?
I. Mor talityisr elatedt oage
39. Whichoft hebel owi snotanadvant ageofcashval uei nsurancecont r
acts?
I. Loweryi elds
40.Whichoft hebel owi sanadvant ageofcashval ueinsurancecont racts?
I. Secur ei nvest ment

SELFEXAMI
NEDQUESTI
ONS–FI
NANCI
ALPLANNI
NG

41.Anindivi
dualwit
hanaggressi
ver
iskpr
ofi
l
eisl
i
kel
ytof
oll
owweal
th i
nvest
ment
st
yle.
I. Accumul
ati
on
42.Whichamongt hef ollowi ngi saweal thaccumul ati
onpr oduct?
I. Shar es
43.Savi
ngscanbeconsi der edasacomposi teoftwodeci si ons.Chooset hem from t
hel
i
stbel
ow.
I. Post ponementofconsumpt i
onandpar ti
ngwi thli
quidit
y
44.Duri
ngwhichst ageofl i
fewi llani ndivi
dualappr eci
atepastsavi ngst hemost ?
I. Postr etirement
45.Whatistherel ationbet weeni nvestmenthor i
zonandr eturns?
I. Gr eat erthei nvest menthor izonthelargerther eturns
46.Whichamongt hef ollowi ngcanbecat egor i
sedundert r
ansact ionalproducts?
I. Bankdeposi ts
47.Whichamongt hef ollowi ngcanbecat egor i
sedundercont i
ngencypr oducts?
I. Lifeinsurance
48. Whichofthebel owcanbecat egor i
sedunderweal thaccumul ati
onpr oducts?
I. Shar es
49. __
_isari
seint hegener allevelofpr i
cesofgoodsandser vicesinaneconomyoveraper i
odof
ti
me.
I. Inflation
50. Whichofthebel owi snotast rategyt omaxi mizediscr etionaryincome?
I. Insur ancePur chase

SELFEXAMI
NEDQUESTI
ONS–PRODUCTS1

51. l
i
feinsurancepaysof
fapoli
cyhol
der'
smortgageintheeventoft
heper
son'
sdeath.
I. Mort
gage
52.The t
hepr emium paidbyyoutowardsyourl
if
ei nsurance,t
he wi
l
lbe
thecompensat
ionpai dtothebenefici
aryintheeventofy ourdeath.
I. Hi
gher,Higher

53.Whichofthebel owopt i
oni scor r
ectwi thr egardst oat ermi nsurancepl an?
I. Termi nsurancecanbeboughtasast and- al
onepol i
cyaswel lasar i
derwi t
hanother
policy
54.I
ndecreasi
ng-termi nsurance,t hepr emi umspai d overt i
me.
I. Remai nconst ant
55.Usi
ngt heconver si
onopt ionpr esenti nat erm pol icyyoucanconver tt hesamet o
.
I. Whol el i
fepol i
cy
56.Whatisthepr i
mar ypur poseofal if
ei nsurancepr oduct ?
I. Prot ectionagai nstthel ossofeconomi cval ueofani ndi
vidual‟sproducti
veabil
i
ties
57.Whoamongt hef ol l
owi ngi sbestadvi sedt opur chaseat erm plan?
I. Ani ndividualwhoneedsi nsurancebuthasal owbudget
58.Whichofthebel owst atementi si ncorrectwi thregar dst odecreasingt erm assurance?
I. Premi um amountdecr easeswi ththet erm ofcover age
59.Whichofthebel owst atementi scor r
ectwi thr egar dst oendowmentassur anceplan?
I. I
thasbot hadeat hbenef i
taswel lasasur vi
valcomponent
60.Whichoft hebel owi sanexampl eofanendowmentassur ancepl an?
I. MoneyBackPl an
61.Whatdoesi nter -tempor alal locat i
onofr esour cesr eferto?
I. Allocat ionofr esour cesovert i
me
62.Whichamongt hef ollowi ngi sal i
mi tati
onoft r aditionallif
einsur ancepr oducts?
I. Rat eofr eturnisnoteasyt oascer t
ain
63.Wherewast heUni versalLi fePol icyintroducedf irst?
I. USA
64.Whoamongt hef ollowi ngi smostl ikelytobuyvar i
abl elif
einsurance?
I. Knowl edgeabl epeopl ecomf ortablewi thequi ty

65.Whi
choft
hebelowstat
ementi
strueregardi
ngULIP‟s?
I. ULI
P‟sar
eopaquewit
hregardstothei
rter
m,expensesandsavi
ngscomponent
s
66.Allofthef ol
lowi ngar echar acter i
sticsofvar iabl eli
feinsuranceEXCEPT:
I
. Flexiblepremi um payments
67.Whichoft hebel owi scor r
ectwi thr egardstouni versalli
feinsurance?
StatementI :Itallowspol icyownert ovar ypay ment s
StatementI I:Policyownercanear nmar ketbasedr ateofr etur
noncashvalue
I
. Iist rue
I
I. IIist rue
I
II
. IandI Iaret r
ue
I
V. IandI Iaref alse
68.Allofthef ol
lowi ngi st rueregar dingULI P‟sEXCEPT:
I
. Lifei nsurerpr ovidesguar anteef oruni tval
ues
69.AsperI RDAInor ms,ani nsurancecompanycanpr ovidewhichoft hebelownon-
tr
adi
ti
onalsavi
ngs
li
feinsur ancepr oduct sareper mittedi nIndi a?
ChoiceI:UnitLi nkedI nsur ancePl ans
ChoiceII:VariableI nsur ancePl ans
I
. Ionl y
I
I. IIonl y
I
II
. IandI Ibot h
I
V. Nei therInorI I
70. Whatdoesunbundl ingofl i
fei nsur ancepr oduct sreferst o?
I
. Separati onOfTheProtecti onAndSavi ngsEl ement

SELFEXAMI
NEDQUESTI
ONS–APPLI
CATI
ONSOFLI
FEI
NSURANCE

71.Thesum assur edunderkeymani nsur ancepol i

cyi sgener all
ylinkedtowhi chofthef ol
l
owing?
I. Busi nesspr ofitabil
ity
72. Mor t
gager edempt i
oni nsurance( MRI )canbecat egorisedunder .
I. Decr easi ngt erml if
eassur ance
73.Whi choft hebel owl ossesar ecover edunderkeymani nsurance?
I. Lossesr elatedtot heextendedper i
odwhenakeyper sonisunabl
etowor k
74.Apol i
cyisef fect edundert heMWPAct .Ift hepol icyholderdoesnotappoi ntaspeci alt
rust
eeto
receiveandadmi nistert hebenef it
sundert hepol icy,thesum secur edundert hepoli
cybecomes
payablet othe .
I. Of ficialTr usteeoft heSt ate
75.Maheshr anabusi nessonbor r
owedcapi tal.Afterhi ssuddendemi se,al
lthecredit
orsaredoing
thei
rbestt ogoaf terMahesh‟ sasset s.Whi choft hebel ow assetsisbeyondt hereachoft he
creditors?
I. Ter ml ifeinsur ancepol icypur chasedunderSect ion6ofMWPAct
76.Whi choft hebel owopt ionist ruewithr egardst oMWPActcases?
StatementI :Mat ur it
ycl aimschequesar epai dt opolicyhol
der s
StatementI I:Mat urit
ycl aimschequesar epai dt ot r
ustees
I. Iist rue
II. IIist rue
III
. Bot hIandI Iar etrue
IV. Nei t herInorI Iist rue
77.Whi choft hebel owopt ionist ruewithr egardst oMWPactcases?
StatementI :Deat hcl aimsar eset tl
edi nf avourofnomi nees
StatementI I:Deat hcl aimsar eset t
ledi nfavouroft rust
ees
I. Iist rue
II. IIist rue
III
. Bot hIandI Iar etrue
IV. Nei t herInorI Iist rue

78.Ajaypaysi nsurancepr emium forhi

semployees.Whichoft hebel
owi
nsur
ancepr
emi
um wi
l
lnotbe
tr
eateddeduct ibleascompensat i
onpaidt oemployee?
ChoiceI:Heal t
hi nsurancewithbenefi
tspayabl
etoempl oyee
ChoiceII:Keymanl i
feinsurancewit
hbenefit
spayabl
et oAjay
 I
. Ionl y
I
I. IIonly
I
II
. Bot hIandI I
I
V. NeitherInorI I
79.Thepract
iceofchar gi
ngi
nteresttoborr
ower swhopledgethei
rpr
opert
yascoll
ater
albutl
eavi
ng
them i
npossessionofthepropertyi
scall
ed .
I
. Mor tgage
80. Whichofthebel owpoli
cycanpr ovi
depr ot
ect
iont ohomel oanborrowers?
I
. Mor tgageRedempt i
onInsurance

SELFEXAMI
NEDQUESTI
ONS–PRI
CING&VALUATI
ONI
NLI
FEI
NSURANCE

81. Whatdoest het erm“ pr emi um”denot ei nr elati

ont oani nsurancepol i
cy?
I
. Pricepai dbyani nsuredf orpur chasingt hepolicy
82. Whichoft hebel owi snotaf actori ndet ermi ningl i
feinsur ancepr emi um?
I
. Rebat e
83. Whatisapol icywi thdr awal ?
I
. Sur r
enderofpol i
cyi nreturnf oracqui redsur r
endervalue
84. Whichoft hebel owi soneoft heway sofdef iningsur plus?
I
. Excessval ueofasset soverl i
abili
ties
85. Whichoft hebel owi snotacomponentofULI Ppr emiums?
I
. Socialsecur itycharge
86.Lif
einsurancecompani esmayof f
errebat etot hebuyeront hepr emium thatispayabl
eont hebasi
s
of .
I
. Sum assur edchosenbyt hebuyer
87.Int
erestratesar eoneoft heimpor tantcomponent susedwhi ledeter
miningt hepremium.Whi chof
thebelowst at ementi scor rectwi thr egar dst oi nterestrates?
I
. Higherthei nterestrateassumed,l owerthepremi um
88. Whichoft hebel owst at ementi scor rect?
I
. Businessstrai narisesbecauseofexcessexpensesatthenewbusi nessstage.
89.Withregardst oval uationofasset sbyi nsurancecompani es, i
sthevalueat
whicht helifeinsur erhaspur chasedoracqui redi tsasset s.200
I
. Bookval ue
90.Incaseof ,acompanyexpr essest hebonusasaper centageofbasi cbenef
itand
alr
eadyat tachedbonuses.
I
. Compoundbonus

SELFEXMAI
NEDQUESTI
ONS–DOCUMENTATI
ON–PROPOSALSTAGE

91.Whichofthebel owi sanexampl eofstandardageproof?

I
. Passport
92.Whichoft hebel owcanbeat tri
butedtomor alhazard?
I
. Incr
easedr iskybehaviourf
ollowi
ngthepurchaseofinsur
ance
93.Whichofthebel owf eat ureswi l
lbecheckedinamedi calexaminer‟
sreport?
I
. Height,wei ghtandbl oodpressur
e
94.A isaf ormall egaldocumentusedbyinsur
ancecompaniesthatprovi
desdet
ail
s
abouttheproduct .
I
. Prospect us
95. Theappli
cati
ondocumentusedf ormakingtheproposaliscommonl yknownast he
.
I
. Proposalf or m

96.From thebelowgi venageproofdocuments,i

denti
fytheonewhi
chiscl
assi
fiedasnon-
standardbyinsurancecompani es.
I
. Rat
ioncard
97. Moneylaunderi
ngistheprocessofbri
ngi
ng moneyi
ntoaneconomybyhidi
ngi
ts
ori
ginsot hati
tappearstobelegal
lyacqui
red.
 I
. Il
legal
,il
legal
98.I
ncasethepoli
cyholderisnotsati
sfi
edwit
ht hepol i
cy,he/shecanr etur
nthepoli
cywit hi
nthefree-
l
ookperi
odi.e.within ofr eceivi
ngt hepolicydocument .
I
. 15days
99.Whi
chofthebelowst atementiscorr
ectwit
hr egardstoapol i
cyretur
nedbyapol i
cyholderduri
ng
t
hefreelookper iod?
I
. Thei nsurancecompanywi l
lrefundt hepr emium aft
eradjust
ingforproporti
onat
er i
sk
premium fortheperi
odoncover,medicalexaminat
ionexpensesandstampdut ycharges

100.Whi
choft
hebelowisnotaval
i
daddr
esspr
oof
?
I. Vot
erIDCard

SELFEXAMI
NEDQUESTI
ONS–DOCUMENTATI
ON–POLI
CYCONDI
TIONI

101.Whi choft hef oll

owi ngdocument sisanevi denceoft hecont ractbet weeni nsurerandi nsured?
I. Pol icydocument
102.Ifcompl exlanguagei susedt owor dacer tainpol icydocumentandi thasgi venrisetoanambi gui
ty,
howwi lli tgener al l
ybeconst rued?
I. Inf avourofi nsur ed
103.Selectt heopt iont hatbestdescr ibesapol icydocument .
I. Iti sevi denceoft hei nsurancecont r
act
104. Whi choft hebel owst at ementi scor rect ?
I. TheFi rstPr emium Recei ptistheevi dencet hatthepol i
cycont r
acthasbegun
105.Fort hesubsequentpr emi umsr eceivedbyt hei nsur ancecompanyaf terthef i
rstpremium,the
companywi llissue .
I. Renewalpr emi um r ecei pt
106.Whatwi llhappeni fthei nsur edper sonl osest heor igi
nallifei nsur ancepol icydocument ?
I. Thei nsur ancecompanywi lli
ssueadupl icatepolicywi thoutmaki nganychangest othe
cont ract
107. Whi choft hebel owst atementi scor rect ?
I. Thepol icydocumenthastobesi gnedbyacompetentauthori tyandshoul dbestamped
accor dingt otheI ndi anStampAct .
108. Whi choft hebel owf ormst hef irstpar tofast andar di nsurancepol icydocument ?
I. Pol icyschedul e
109.Inast andar di nsur ancepol icydocument ,thest andar dprovisionssect i
onwi l
lhaveinformationon
whi choft hebel ow?
I. Theri ghtsandpri vil
egesandothercondi ti
ons,whichareappl i
cableunderthecontract
110.“Acl ausepr ecl udingdeat hduet opr egnancyf oral adywhoi sexpect i
ngatt het i
meofwr i
ti
ngthe
cont ract ”wi llbei ncl udedi nwhi chsect ionofast andar dpol icydocument ?
I. Speci ficpol i
cypr ovisions

SELFEXAMI
NEDQUESTI
ONS-DOCUMENTATI
ON–POLI
CYCONDI
TIONI
I

111. Whi chofthebelowst atementisfal

sewi t
hr egardst onomi nat
ion?
I
. Anomi neehasful
lri
ghtsonthewholeoftheclaim
112.I
norderf
ort
hepoli
cyt oacqui
reaguarant
eedsurr
endervalue,forhowlongmustthepr
emi
umsbe
pai
dasperlaw?
I
. Premiumsmustbepai dforatl
east3consecutiveyears

113. Wheni sapol i

cydeemedt obel apsed?
I
. Ifthepr emium hasnotbeenpai devendur i
ngdaysofgr ace
114.Whichoft hebel owst atementi scor r
ectwi thregardst ogr aceperiodofaninsur
ancepolicy?
I
. Thest andardl engthoft hegraceper iodisonemont hor31days.
115.Whatwi llhappeni fthepolicyholderdoesnotpayt hepr emi um bytheduedateanddi
esdur i
ngt he
graceper i
od?
I
. Thei nsurerwil
lpaytheclaim andwaiveoffthelastunpai
dpremium
116.Duri
ngt her evivalofal apsedpol icy,whichoft hebelowaspecti sconsider
edmostsi
gnif
icantby
theinsur ancecompany?Chooset hemostappr opr i
ateopt i
on.
 I. Evidenceofi nsurabilit
yatr evival
117.Forani nsurancepol i
cynomi nationisal lowedunder oft heI nsur
ance
Act, 1938.
I. Section39
118.Whichoft hebel owst atementi sincorrectwi thregardst oapoli
cyagainstwhichal oanhasbeen
takenf rom thei nsurancecompany?
I. Thenomi nationofsuchpol i
cywi llgetcancell
edduetoassignmentofthepol icyinfavour
ofthei nsur ancecompany
119.Whi choft hebel owst atementi si ncorrectwi t
hr egardstoassignmentofani nsur ancepol i
cy?
I. I ncaseofAbsol ut
eAssi gnment,thepoli
cyvest sabsol
utel
ywitht
heassi
gneeti
llmaturi
ty,exceptincase
ofdeathoft hei nsureddur i
ngt hepoli
cyt enure,whereinthepoli
cyrevert
sbackt ot he
benefici
ariesoft hei nsured.

120.Whi
choft
hebelowalt
erat
ionwil
lbepermit
tedbyaninsurancecompany?
I. Spl
it
ti
ngupofthepol
icyi
ntotwoormorepoli
cies

SELFEXAMI
NEDQUESTI
ONS-UNDERWRI
TING

121.Whichofthef oll
owi ngdenot estheunder wr it
er‟sr oleinani nsur ancecompany?
I. Deci deaccept abi
li
tyofr i
sks
122. Whichoft hef oll
owingi snotanunder writi
ngdeci sion?
I. Claimr eject i
on
123. Whichoft hef oll
owingi snotast andar dagepr oof ?
I. Hor oscope
124. Whichoft hef oll
owingcondi t
ionwi l
laf f
ectaper son‟ si nsur
abi l
i
tynegat i
vely?
I. Bannedsubst anceabuse
125.Underwhatmet hodofunder writ
ingdoesanunder writ
erassi gnposi ti
ver ati
ngpoint sf
oral l
negati
veoradver sef act ors(negativepoi ntsf oranyposi tiveorf avourablefactors)?
I. Numer icalr ati
ng
126.Underri
skcl
assi f
icat i
on, consistoft hose whose ant i
ci
pated mortal
it
y
corr
espondst ot hest andar dli
vesr epresent edbyt hemor talitytabl e.
I. Standardlives
127.Amrutaispregnant .Shehasappl i
edf orat ermi nsurancecover .Whi chofthebel owoptionwillbe
thebestoptiont ochoosef oranunder wr itertoof ferinsurancet oAmr uta?Chooset hemost
l
ikel
yopt i
on.
I. Accept ancewi tharestricti
vecl ause
128.Whichofthebel owi nsur ancepr oposali snotl i
kelytoqual if
yundernon- medi calunderwri
ti
ng?
I. Mahesh,aged50year s,wor kingi nacoalmi ne
129.Sheenai ssuf feringfrom acutedi
abet
es.Shehasappl i
edf oraninsur
ancepl an.Int hiscaset he
under writ
erismostl i
kelytouse for underwrit
ing.Choose t he
mostappr opriateopt ion.
I. Judgmentmethod
130.Sant oshhasappl i
edf orat er
minsurancepoli
cy.Hisanti
cipat
edmor t
alit
yi ssignif
icant
lylower
thanst andar
dl ivesandhencecoul dbechargedalowerpremium.Underriskclassif
icati
on,Santosh
willbeclassi
fiedunder .
I. Preferredrisks

SELFEXAMI
NEDQUESTI
ONS–HEALTHI
NSURANCE

131.Whichofthebelowst atementi scor rectwi thregar dst oahospi tal

izati
onexpensespol i
cy?
I. Hospi tali
zat ionaswel laspr eandposthospi talizati
onexpensesar ecover ed
132. I
denti
fywhi choft hebel owst atementi scor rect ?
I. Healthi nsur ancedeal swi thmor bidity
133.Whichoft hebel ow st atementi scor rectwi thr egardst ocashl essservicepr ovidedinhealth
i
nsurance?
I. Theinsur eddoesnotpayandt heinsur ancecompanyset tl
esthebil
ldir
ectl
ywi ththe
hospital
134. I
denti
fyt hecor rectfullform ofPPNwi thr egar dst ohospi t
alsinheal thinsurance.
I. PreferredPr oviderNet wor k
135. I
denti
fywhi choft hebel owst atementi si ncor rect?
I. Ashopkeepercant akeagr ouppol icyf oritscust omers
136. Whichoft hef ollowingf act ordoesnotaf fectt hemor bidit
yofani ndividual
?
I. Spousej ob
137. Accor
dingt ot hepr i
nci
pleofi ndemni ty,t heinsur edispai dfor .
I. Theact uall ossestot heext entoft hesum i nsured
138.Thefirstandthepr imar ysour ceofi nfor mat ionaboutanappl i
cant,f
ort heunder wri
teri
shis

I
. Proposalfor m
139. Theunderwrit
ingpr ocessiscompl etedwhen .
I
. Therecei
vedi nformati
oniscarefull
yassessedandclassi
fiedi
ntoappropri
ateri
skcategori
es
140. Whichofthefoll
owi ngstatement saboutthenumer i
calrati
ngmet hodi sincorr
ect
?
I
. Anal
ysisofdifficul
tordoubtfulcasesisnotpossi
bleonthebasisofnumericalpoi
ntswithout
medicalrefer eesorexper ts.