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IC38 English Mock Test 23

Que. 1 : Which of the below is not an advantage of cash value insurance contracts ?
   1.  Safe and secure investment
   2.  Inculcates saving discipline
   3.  Lower yields
   4.  Inculcates saving discipline
Que. 2 : Who among the following is best advised to purchase a term plan ?
   1.  An individual who needs money at the end of insurance term
   2.  An individual who needs insurance and has a high budget
   3.  An individual who needs insurance but has a low budget
   4.  An individual who needs an insurance product that gives high returns
Que. 3 : The ________ the premium paid by you towards your life insurance, the ________ will be the compensation paid to the beneficiary in the event of your death.
   1.  Lower, Higher
   2.  Higher, Lower
   3.  Faster, Slower
   4.  Higher, Higher
Que. 4 : Which of the below option is correct with regards to a term insurance plan ?
   1.  Term insurance plans come with life-long renewability option
   2.  Term insurance can be bought as a stand-alone policy as well as a rider with another policy
   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. 5 : In decreasing-term insurance, the premiums paid ____________ over time.
   1.  Increase
   2.  Decrease
   3.  Remain constant
   4.  Are returned

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