Que. 1 : A Life Assured is missing for the last 7 years, on which basis will the death claim be settled?
   1.  Court Declare
   2.  Declaration by Nominee
   3.  Declaration by Agent
   4.  Declaration by Employer
Que. 2 : Time to settle claims as per IRDA Regulations is _____________
   1.  30 Days
   2.  15 Days
   3.  60 Days
   4.  120 Days
Que. 3 : _______________ leads to the termination of insurance cover under the contract.
   1.  A Money Back & Installment Claim
   2.  Critical Illness Claim
   3.  Death Claim
   4.  None of the Above
Que. 4 : Under Sec 47 of insurance Act 1938 when claim is ready for payment but cannot be paid due lack of proper identification of the payee, Interest payable would be
   1.  2% over Bank Rate
   2.  Bank Rate
   3.  No Interest payable
   4.  4% over Bank Rate
Que. 5 : Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy which of the below will be paid?
   1.  Higher of sum assured or fund value
   2.  A Lower of sum assured or fund value
   3.  Premiums paid will be returned with 2% higher interest rate as compared to a bank’s savings deposit
   4.  Surrender value
Que. 6 : In which insurance plan only the premiums paid over the term are returned back?
   1.  Participating Plans
   2.  Unit Linked lnsuance Plan
   3.  Return of Premium Plan
   4.  Money Back
Que. 7 : A person is pre- assumed to be dead if not been heard from the last __________ years
   1.  5 years
   2.  7 Years
   3.  2 Years
   4.  10 Years
Que. 8 : Which of the following claims are easily established?
   1.  Death Claim
   2.  Rider Claim
   3.  Surrender Value Payments
   4.  Maturity & Money Back installments
Que. 9 : The act which provides for presumption of death is ___________________________
   1.  IRDA Regulaton 2000
   2.  IRDA Act 1999
   3.  Indian Evidence Act
   4.  Insurance Act 1938
Que. 10 : Ram has taken a plan of 10 Lacs from ABC Ltd. On 1st June 2010. He died on 20th June 2014 without paying the due premiums of Rs. 30,000. Bonus accumulated during the period was 50,000. Death benefit payable is?
   1.  10,20,000
   2.  10,00,000
   3.  10,50,000
   4.  10,80,000