Que. 1 : Which of the below mentioned insurance plans has the least or no amount of savings element?
1. Endowment plan
2. Term insurance plan
3. Whole life plan
4. Money back plan
Que. 2 : What Should one consider before opting for Insurance?
1. Don’t risk more than what you can afford to loose
2. Don’t risk a lot for little
3. Consider the likely outcomes of the risk carefully
4. All of the above
Que. 3 : Risk transfer through risk pooling is called _____
3. Risk mitigation
Que. 4 : Origins of modern insurance business can be traced to _______
2. Botta mry
4. Malhotra Committee
Que. 5 : Which of the following statements is true?
1. Insurance is a method of sharing the losses of a ‘many’ by a few
2. Insurance is a method of transferring the risk of an individual to another individual
3. Insurance is a method of sharing the losses of a ‘few’ by ‘many’
4. Insurance is a method of transferring the gains of a few to the many
For full IC38 Material with Answer- Click Here