Que. 1 : Life insurance products offer protection against the loss of economic value of an individual’s productive abilities, which is available to his dependents or to the self. The very word ‘insurance’ in ‘life insurance’ signifies the need to protect both oneself and one’s loved ones against _____________________ loss upon death or permanent disability.
   1.  Economic
   2.  Mental
   3.  Financial
   4.  All of the above
Que. 2 : A life insurance policy, at its core, provides _____________________ and protection to the near and dear ones of the individual in case something unfortunate happens to him. The other role of life insurance has been as a vehicle for saving and wealth accumulation. In this sense, it offers safety and security of investment and also a certain rate of return
   1.  Physical
   2.  Perfection
   3.  Peace of mind
   4.  All of the above
Que. 3 : A life insurance policy, at its core, provides peace of mind and _____________________ to the near and dear ones of the individual in case something unfortunate happens to him. The other role of life insurance has been as a vehicle for saving and wealth accumulation. In this sense, it offers safety and security of investment and also a certain rate of return
   1.  Physical
   2.  Protection
   3.  Peace of mind
   4.  All of the above
Que. 4 : __________________________is more than an instrument for protecting against death and disease. It is also a financial product and may be seen as one among many constituents of a portfolio of financial assets rather than as a unique standalone product. In the emerging financial marketplace, customers have multiple choices, not only among alternative types of life insurance products but also with numerous substitutes to life insurance that have come up, like deposits, bonds, stocks and mutual funds.
   1.  Life insurance
   2.  General Insurance
   3.  Health insurance
   4.  Shares
Que. 5 : One needs to understand what the value proposition of life insurance is. _____________________ would depend on how life insurance is perceived as a solution to a set of customer needs.
   1.  Needs
   2.  Premium
   3.  Life insurance
   4.  Customer value
Que. 6 : A _____________________ is a provision typically added through an endorsement, which then becomes part of the contract. Riders are commonly used to provide some sort of supplementary benefit or to increase the amount of death benefit provided by a policy.
   1.  Customer value
   2.  Rider
   3.  Premium
   4.  Life insurance
Que. 7 : In the _______________________________ the return depends on when the investment was made and the rate that was secured at the time of investment. It has also been called segmented or investment block method as different investment blocks gets different returns.
   1.  Life insurance
   2.  “Portfolio Method”
   3.  “Current Money Method”
   4.  Premium
Que. 8 : Which of the below is an example of Rider?
   1.  Daily Hospitalisation Rider
   2.  Accidental Death Rider
   3.  Criticall Illness Rider
   4.  All of the above
Que. 9 : Which of the below is an example of Rider?
   1.  Daily Hospitalisation Rider
   2.  Accidental Death Rider
   3.  Disability Income Benefit Rider
   4.  All of the above
Que. 10 : Which of the below is an example of Rider?
   1.  Daily Hospitalisation Rider
   2.  Waiver of premium Rider
   3.  Disability Income Benefit Rider
   4.  All of the above