RAP Exam English Practice Demo Test 13

Pankaj want to save tax over and above the deduction allowed under section 80C of the income tax act 1961, which allow deduction from taxable income

In which of the following Bank pays the Interest on the deposit’s fund on monthly /quarterly /half yearly/ yearly basis as chosen by depositor fund:

Vinod being an insurance agent can offer assistance to his client Ramesh by:

Which of the following is not featured and benefit of rider?

Gaurav bought an endowment plan for 20 year of 10 lac SA with ADB Rider, died in road accident after 10th year how much money claimant would be payable:

What do you mean by Double Income Family?

In which of the following case there is no defined retirement age?

Which one of the following is true?

Objectives of fact-finding do not include-

Which one of the following documents distinguishes between Guaranteed and non-guaranteed benefits?

Under which one of the following acts the maximum remuneration that can be given to insurance agents described?

Which one of the following is not a benefit of persistency?

Satish as an insurance advisor while recommending to his client Ramesh is not suitable policies –

Why a building long term relationship with clients is necessary?

Pranab is not able to pay premium for continue his policy due to some Financial problem, so he rather than surrendering the policy, what Option he has to convert ……….?

Ajay has bought an endowment with profit plan for 20 year .if he took a Loan after 5th of commencement of policy and died before 2 year of Maturity .what would be payable on maturity?

Under what kind of Rider the insurance company pays the treatment cost in the event of hospitalization of the insured, subject to term & Condition of the rider.

Which one of the following report is not considered in case of Pankaj Bought a plan in 2009 & died in road accident in 2011 :

Married Woman’s Property Act 1874 provides that a life insurance Policy that has been taken out by:

The face of the life Insurance industry in India is ………..?

How Many offices of Ombudsmen the Government body has set up to Resolving insured customer’s grievances.

For Insurance industry which association to take steps to Develop Education and research in insurance?

Pankaj being a license insurance advisor has to follow code of Conduct provided by:

Which is the body who provides grant to Insurance Regulatory Develompent Authoruty to carry out activites.

While applying for a policy unintentionally Mr.X forgot to disclose that he consumes alcohol,In cotext with Utmost good faith This will be treated as

An underwriter accepts the proposal with certain modified terms and coditions,What it denotes

Ram has set a provision for contigency which can survive for 6 month .This amount is considered as

XYZ client wants to buy a car in future , however his financial planning shows that he cannot afford car as of now .As a financial planner you should

After fact finding , Ram has presented the product to the client in te second meeting . If client approves the recommendation what should be the next xtep

Sanjeev in a lumsum investment is getting benefit of multiple securities

The risk of unemployment is covered with what benefit in the policy

Insurer has deducted Rs 3000 from the death claim of Ram. What could be the reason for deduction when all the due premiums were paid

Prospectus of an endowment plan should differentiate in types of benefits

In case of term plan the premium for CI rider shall not exceed

License criteria,crimnal offence in the past.given IRDA license.Why?

In Surgical benfit rider what would be the payout procedure

A Critical Illness claim is settled in a policy. The benefits of the policy can be used for

If the client prefers bank fixed deposit rather than cumulative deposit ,due to what implication ?

In case of lien,the risk will classified as per underwriting standards

which of the following is the final stage of fact finding with the client?

Sarath is the client and looking for large SA, and the proposal to be certified in the context of confidentiality report with relavent to moral hazard,who is concerned person to do!

As per agents code of conduct,Agent Recommends protection Plan,but the client insist on investment plan for the financial planning,what an agent should do!

Which is suitable life stage to buy Unit linked insurance plan?

Insurers observe high persistency ratio,then

Two policy Matures at the same time for an insurance company,what are the other requirment for maturity with respect to policy.A is absolute assignment and B is conditional assignment.pending requirment in relation with B

If a person have motoring sport as hobby before taking insurance policy,then what it implicates

Agent has to comply the code of conduct prescibed by