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Insurance Agents (General) Question Bank (India)
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Exam Content: Module 1: Introduction to Insurance Fundamental Concepts of Insurance Customer Service Overview Learning about the grievance redressal mechanism Understanding the regulatory aspect of corporate agency An overview of Insurance Contract Principles Module 2: Understanding Life Insurance Life Insurance Concepts Explaining Financial Planning Life Insurance Product – I Life Insurance Product – II Understanding Life Insurance applications Studying the concepts of pricing and valuation in life insurance Documentation Policy Underwriting Payments ( Life Insurance... Show more
Insurance Agents (General) Question Bank (India)
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25 Questions

1. Which One of the Following Consumer-Disputes' Redressal-Agencies, entertains the Appeals, against the Orders of Any State Commission?
2. Consequential Loss Insurnace Policy can only be taken, in Conjugation with Which of the Following?
3. Which One of the Following, is the Basic Insurance Legislation of the Country, that governs Insurance Business in India?
4. Name the Public Sector Life Assurance Company, formed as a Result of Nationalisation of Life Assurance in India.'
5. Totally Disabled for Temporary Period of Time, is known as ___.
6. You are an Insurance-Surveyor. On Behalf of the Insurer, Why Will You survey and inspect a Property, Prior to Insurance?
7. ____ does not Cover Theft by Employees, Family- Members or Other Persons.
8. Which One of the Following, is Not an 'Add-On' Cover, for an Insurance?
(a) Medical Expenses.
(b) Family-Transportation.
(c) Imported Medicines.
(d) Un-Employment Expenses.'
9. Insurance Act came into Effect, on ___.
10. The Objectives of Underwriting are achieved, in Short, by Deciding:
(a) The Level of Acceptability.
(b) Adequacy of Premium.
(c) Other Terms.'
11. Fast-Moving Consumer-Goods (F.M.C.G.) Companies, who store the Saleable Stock of Goods, at Various Locations. Which Kind of Insurance Policies, should they opt for, to cover their Inventory, under a Commmon: Premium and Sum-Assured.
12. Integrated Grievance-Management-System (I.G.M.S.) has been launched by ___.
13. The Premium-Calculation may depend on, Which of the Following Factors?
(a) City of Residence
(b) Occupation
(c) Age
(d) Financial Capability of Individual'
14. Which One of the Following acts, are Not covered under the Bankers' Indemnity Insurance?
15. Third-Party Administrators (T.P.A.s) are Regulated, by Which of the Following Bodies?
16. Which One of the Following, is Not a Common Exclusion of Disablement, arising from:
(a) Self-Injury or Suicide.
(b) War and Allied Perils.
(c) Accident, while Under Influence of Alcohol or Drugs.
(d) Accident, while On-Duty.'
17. Which One of the Following, can form the Basis for a Valid Consumer-Complaint?
18. What is the Prime Purpose of Insurance-Regulation? Choose the Most Appropriate Answer.
19. Accidental Insurance does Not include:
(a) Mental Disorders;
(b) Injuries in Daily Activities;
(c) Injuries caused, while at Duty;
(d) Pre-Existing Physical Disorders.'
20. If Insurance Firm accepts such Applicants, Who are at a Greater Than Normal Risk or are Not Insurable, but conceal or falsify the Information about their Actual Condition or Situation, so that, they get Insurance, then this will be known as ___. Choose the Most Appropriate Option.
21. Partially Disabled for Life-Time, is known as ___.
22. The Insured can resolve a Dispute, by approaching the Ombudsman, under ___.
23. Which One of the Following, is Not a Contributor, towards Customer Life-Time Value?
24. What is the Subject-Matter of Life Assurance?
25. Which One of the Following, by Mutual Agreement of the Insured and the Insurer, can act as a Mediator and Counsellor, within the Terms of Reference, in Case of Dispute? Choose the Most Appropriate Option.

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