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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. If a Person has More Than One Policy, with Different Insurers; in the Event of Accidental Death, Permanent Total Disability (P.T.D.), Permanent Partial Disability (P.P.D.), Claims would be paid under ___.
2. Risk-Inspection is Done, for Deciding the Rates of ___.
3. Ms. Smita has set-up a Reserve Fund, to be used for the Repairs, in Case, the House is damaged for Some Reason. Identify the Risk-Management Technique, practiced here.
4. The Minimum and Maximum Age-of-Entry for a Health Insurance Policy Applicant, are ___.
5. Arbitration and Conciliation Act, was formulated in the Year: ___.
6. Which One of the Following Consumer-Disputes Redressal-Agencies, entertains the Appeals from the District Forum?
7. As per Section 64-UM of Insurance Act, the Minimum Amount of Claim, to be Applicable on an Insurance Policy, for an Individual Surveyor to be employed, is ___.
8. ____ are Experts in Inspecting and Evaluating the Losses in Specific Areas.
9. If a Customer is aggrieved, by an Order, made by the District Forum, then, Where can He or She, appeal against such Order?
10. Ms. Shaheen refuses to go on a Business-Trip to Iraq, because of Violence in the Destination Country. Identify the Risk-Management Technique, practiced here.'
11. Which One of the Following Consumer-Disputes' Redressal-Agencies, entertains the Appeals, against the Orders of Any State Commission?
12. Risk-Inspection is generally conducted by ___.
13. 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.
14. By purchasing an Insurance Policy, the --, arising from the Peril, against which, the Property is insured.
15. Protection Against the Damages, caused by Fire, can be covered by Insurance, for a Duration upto ___.
16. Select a Reason, for Discharging a Contract, Under Common Law.
17. ____ Value Policies are not issued to Cover the Stocks, which are Covered on Market-Value Basis.
18. ____ does not Cover Theft by Employees, Family- Members or Other Persons.
19. Which One of the Following Bodies, regulates the Capital Market in India?
20. The Insurance Regulatory and Development Authority (I.R.D.A.) was established in the Year: --, under The Insurance Regulatory and Development Authority (I.R.D.A.) Act, 1999.
21. Personal Distance is defined as ___.
22. Which Section of Insurance Regulatory and Development Authority (I.R.D.A.) Act, deals with 'The Matters Relating to Licensing of Surveyors and Loss- Assessors and their Roles and Responsibilities, etc.'?
23. Which One of the Following, is Not a Contributor, towards Customer Life-Time Value?
24. If a Policy-Holder wishes to File a Complaint with National Commission, then What is the Amount of Fees, Payable by Him or Her?
25. Mr. Suresh has purchased a Life Assurance Policy, so that, His Family-Members do not have to depend on Any-One, in Case of His Un-Timely Death. Identify the Risk-Management Technique, practiced here.

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