RAP Exam English Practice Demo Test 11

Mr.Feroz has applied for an insurance cover of Rs.4 crores. The Company will accept or reject the proposal only after confirming from one of the following agencies.

The responsibility for classification and analysis of the proposal form lies with whom?

In underwriting the economic value of the person is determined by what?

Mr. Kumar decides that his employees should have SSS scheme. What type of plan is SSS?

The concept of Risk diversification is applicable in which of the following instrument ?

Ajay bought a share for Rs.110 and he sold when it was Rs.630.What had happened to his share?

Which of the following can’t be ducted under section 80 c from taxable income?

Which official body decides to increase the interest rates?

Who act as an intermediary by offering a trading platform for buying and selling of shares? Chap-6

Which one of the following cannot be covered under Critical illness rider?

Mr. Yash has taken an annuity on 25th August 201The benefit of the plan will start from 25th August 201 What type of annuity plan is this?

Which are the two primary needs of any customer in any point of life?

Mr. Raj has taken a policy of 15 year term. He has paid the premium for 9 years. But now unfortunately he has lost his job. He is unable to pay the premium. What can be the best solution from the following ?

In which of the following an agent will collect the customer’s Personal data, professional data and financial data

Mr.Mohith, an agent was explaining to his customer the guaranteed benefits of the product. Which one of the following documents he would have used to explain the same?

Mr.Harsha an agent wants do a thorough Fact Finding for his client to Mr.Kishan who is a business man. Which of the following information will be helpful to know about the earnings and Expense of Kishan?

Which one of the section deals with the licensing of an agent?

Which one of the following factor does not help in the Persistency ?

Mr. David an agent had helped Mr. Srinivasan to take an endowment policy on Feb 200As srinivasan was finding it difficult to pay the premium, Mr. David had advised him to surrender this policy and to apply for a lower premium policy. This is called as ?

Which regulations take care of the settlement of claims ?

Mr.Baskar had taken a Term plan for a sum assured of Rs. 7 lakhs. He also has an ADB rider worth Rs. 4 lakhs. Unfortunately Baskar died in a car accident. How much will be the death claim settlement?

Which of the following team represents the members of GBIC ?

Which council among the following focus on creating a positive image of the insurance industry and would also like to enhance the Consumer’s confidence on the same ?

Mr.Varun taken up his agency in July 5th 200 His lost his IRDA license while travelling. His agency has also expired. What is the solution for Mr.Varun ?

If any consumer is dissatisfied with the customer care cell of any insurance company to whom they can escalate their grievances.

Which is the Regulation that insists that all the insurance companies should provide the information about the insurance ombudsman of that region while sending the policy documents.

Mrs. Hansa an agent, has planned to sell maximum products within a short span of time by giving maximum rebates to the customer to complete the contest target of the company.

Mr.Raghav is an expert in fact finding .Mr.Raghav helps his brother in his job by sharing the information of his clients after the fact finding he does to procure insurance. What will be the outcome ?

The concept of need based selling involves

E-sales refers to sales of insurance products through

Rahul is a licensed insurance agent. As agent he must carry out his role in accordance with

Life insurance company determine the level of risk based on

Ram works in a Fire cracker factory. He stocks the cracker in his house. He runs which type of risk.

In Insurance terms, pooling of risk is

A contract exists between insurer and proposer when

Rakesh purchased a life insurance policy. While writing a proposal form he hide that he practices mountaineering. Sadly he died in an accident while climbing Mount Everest. The insurers rejected the claim.What is the reason for rejection?

Shamsher has a health insurance policy of ` 1, 00,000 individually and from his company for ` 2, 00,000. He falls sick and got hospitalized. His hospital bill ran to ` 50,000. He claimed this amount from his individual policy. Also, he placed the request with his company for group policy claim, which was rejected. The reason for rejection is.

Payment of premium and sum assured are laid down in

An insurance contract commences when

When is premium considered / deemed to be paid?

Ram Lal is an insurance policyholder. He has recently shifted his home from New Delhi to Noida. He wants the address to be changed. This change in policy document will be effective through?

Lalu Yadav is having a saving plan with 20 years tenure. He has paid 5 annual premiums but due to financial crisis is unable to make future premium. His policy

How assignment distinguishes itself from nomination?

When an underwriter may consider Moral Hazard?

Level Premium is calculated based on

MPL abbreviates

What is generally considered as a substitute to charging a high premium for a high risk?

Manmohan has recently purchased a house worth ` 50, 00,000 on loan. Which insurance product you as an adviser will suggest?

To avail the income tax benefit at investment stage, premium should be maximum

The savings needs of a particular individual is majorly determined by