Que. 1 : Which of the below option is correct with regards to a term insurance plan ?
1. Term insurance can be bought as a stand-alone policy as well as a rider with another policy
2. Term insurance plans come with life-long renewability option
3. All term insurance plans come with a built-in disability rider
4. There is no provision in a term insurance plans to convert it into a whole life insurance plan
Que. 2 : In case of __________, a company expresses the bonus as a percentage of basic benefit and already attached bonuses.
1. Compound bonus
2. Terminal Bonus
3. Reversionary bonus
4. Persistency bonus
Que. 3 : Which of the below death claim will be treated as an early death claim ?
1. If the insured dies within three years of policy duration
2. If the insured dies within ten years of policy duration
3. If the insured dies within seven years of policy duration
4. If the insured dies within five years of policy duration
Que. 4 : ____________ is not an indicator of service quality.
Que. 5 : Licence to work as an insurance agent is issued by __________.
1. General Insurance Corporation (GIC)
2. Insurance Regulatory & Development Authority (IRDA)
3. State Bank of India (SBI)
4. Post office
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