Insurance Management
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Banking and Insurance Specialization

Insurance Management
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25 Questions

1. Which of the following terms is dissimilar to the other four in the context of death claims in life insurance?
2. I4. The main purpose of having Life insurance is:
3. As per the Insurance Act, every insurer has to prepare at the end of financial year
4. Select the expanded form of SV as commonly used in life insurance
5. The term ‘Risk’ includes:
6. Select the expanded form of OR as commonly used in life insurance
7. In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____
8. Which of the following types of insurances is mandatory?
9. Which of the following statements is incorrect in respect of brokers?
10. An actuary is expected to:
11. State which of the statements given below is correct
12. In ‘Hit and Run’ cases, claims are settled from _______
13. Which of the following is/ are important activities of an organisation’s Accounts Department?
14. Insurance helps to:
15. Which of the following is an important reason for insurers to sell life insurance policies through agents?
16. The Third Party Administrator’s role mainly involves
17. Fidelity Guarantee Policies cover losses due to fraud by ____________
18. Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be ____________ for the same age
19. Which of the following terms matches closest with ‘Asbestosis’?
20. Select the expanded form of SA as commonly used in life insurance
21. Time Policies relate to:
22. CTL as used in insurance
23. A Surveyor’s role includes:
24. Which of the following terms is dissimilar to the other four in the context of insurable interest in life insurance? Insurance Management
25. A nomination can be made only in favour of ________________

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