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#1
20th February 2016, 01:15 PM
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| IRDA Online Exam Demo in English
Hello Buddy , here I am Looking for Previous year IRDA Insurance Agents Online Exam Sample Question for English section ,Will you please Provide ,me Same for my help ?
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#2
20th February 2016, 01:58 PM
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| Re: IRDA Online Exam Demo in English
Insurance Institute of India Conducts every year an all India Based Competitive Exam for Recruitment of Insurance Agents and is known by the name of IRDA exam or Insurance Regulatory and Development Authority exam. The Basic Requirement to sit for the exam is that he or she must have cleared his class 12th from a recognized university or board. Here Previous year IRDA Insurance Agents Online Exam Sample Question for English Section Question 1 Amruta is pregnant. She has applied for a term insurance cover. Which of the below option will be the best option to choose for an underwriter to offer insurance to Amruta? Choose the most likely option. A Acceptance at ordinary rates B Acceptance with extra premium C Acceptance with a restrictive clause D Decline the proposal Question 2 Which among the following is a non-traditional life insurance product? A Endowment insurance B Universal life insurance C Whole life insurance D Term assurance Question 3 Mahesh has bought a life insurance policy with a critical illness rider. He has made absolute assignment of the policy in favour of Karan. Mahesh suffers a heart attack and there is a claim of Rs. 50,000 under the critical illness rider. To whom will the payment be made in this case? A Karan B Mahesh C The payment will be shared equally by Mahesh and Karan D Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in favour of Karan Question 4 An insurance broker represents _______. A Insurance company B Community of people who have already taken insurance C Insured D Association of insurance companies Question 5 For an insurance policy nomination is allowed under _________ of the Insurance Act, 1938. A Section 10 B Section 45 C Section 39 D Section 38 Question 6 _____________ relates to inaccurate statements, which are made without any fraudulent intention. A Offer B Representation C Contribution D Misrepresentation Question 7 For the subsequent premiums received by the insurance company after the first premium, the company will issue _________ A Restoration premium receipt B Revival premium receipt C Renewal premium receipt D Reinstatement premium receipt Question 8 What is the time limit for approaching an Insurance Ombudsman? A Within two years of rejection of the complaint by the insurer B Within one year of rejection of the complaint by the insurer C Within three years of rejection of the complaint by the insurer D Within one month of rejection of the complaint by the insurer Question 9 Health insurance is designed to handle which of the following risks? A Infinity B Mortality C Serendipity D Morbidity Question 10 “Hurt not others with that which pains yourself”. This golden rule of ethics is given in the teaching of which religion? A Christianity B Buddhism C Hinduism D Judaism Question 11 Money laundering is the process of bringing _______ money into an economy by hiding its _______ origin so that it appears to be legally acquired. A Illegal, illegal B Legal, legal C Illegal, legal D Legal, illegal Question 12 Which of the below losses are covered under keyman insurance? A General liability B Losses caused due to errors and omission C Losses related to the extended period when a key person is unable to work D Property theft Question 13 Which of the following condition will affect a person’s insurability negative A Lazy nature B Daily jogs C Banned substance abuse D Procrastination Question 14 Which among the following is an intangible product? A Life insurance B Car C House D Soap Question 15 Mortgage redemption insurance (MRI) can be categorized under ___ A Universal life assurance B Variable life assurance C Decreasing term life assurance D Increasing term life assurance Question 16 The term TPA refers to ________. (Answer with regards to health insurance) A Third Party Assistance B The Primary Associate C Third Party Administrator D To Provide Assistance Question 17 An individual with an aggressive risk profile is likely to follow wealth _______investment style. A Spending B Consolidation C Accumulation D Gifting Question 18 Who provides public pensions? A Insurers B Employers C State D NGO’s Question 19 In decreasing-term insurance, the premiums paid ____________ over time. A Increase B Remain constant C Decrease D Are returned Question 20 In decreasing-term insurance, the premiums paid ____________ over time. A Remain constant B Decrease C Are returned D Increase Question 21 During which stage of life will an individual appreciate past savings the most? A Learner B Post retirement C Just married D Earner Question 22 If complex language is used to word a certain policy document and it has given rise to an ambiguity, how will it generally be construed? A In favour of insurer B In favour of insured C The policy will be declared as void and the insurer will be asked to return the premium with interest to the insured D The policy will be declared as void and the insurer will be asked to return the premium to the insured without any interest Question 23 Which among the following cannot be termed as an asset? A Human Life B Air C Car D House Question 24 Risk transfer through risk pooling is called A Insurance B Risk Mitigation C Investment D Savings Question 25 Which of the below statement is correct? A Selling is a science and not an art B Selling is an art and not a science C Selling is neither an art or a science D Selling is both an art and a science Question 26 __________ is the fees payable to the Authority for issue / renewal of licence to Act as an insurance agent or composite insurance A 150 B 100 C 250 D 520 Question 27 ___________ is reflected in the caring attitude and individualised attention provided to customers. A Assurance B Reliability C Empathy D Responsiveness Question 28 Which of the following is not an underwriting decision? A Declinature of risk B Claim rejection C Risk acceptance at standard rates D Postponement of risk Question 29 Which of the below option is true with regards to MWP Act cases? Statement I: Maturity claims cheques are paid to policyholders Statement II: Maturity claims cheques are paid to trustees A I is true B Neither I nor II is true C II is true D Both I and II are true Question 30 Who among the following is best advised to purchase a term plan? A An individual who needs money at the end of insurance term B An individual who needs insurance but has a low budget C An individual who needs insurance and has a high budget D An individual who needs an insurance product that gives high returns Question 31 A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim? A Death claim B Periodical survival claim C Surrender claim D Maturity claim Question 32 Which of the below can be attributed to moral hazard? A Increased risky behaviour prior to the purchase of insurance B Increased risky behaviour following the purchase of insurance C Decreased risky behaviour following the purchase of insurance D Engaging in criminal acts post being insured Question 33 All of the following are characteristics of variable life insurance EXCEPT A Policy owner selects where savings reserve is invested B Cash value is not guaranteed C Minimum Death benefit is guaranteed D Flexible premium payments Question 34 Which of the below is one of the ways of defining surplus? A Excessive liabilities B Excess value of assets over liabilities C Excessive turnover D Excess value of liabilities over assets Question 35 What is the full form of TBA? A Trained Birth Attendants B Typical Born Asthma C Trained Burned Attendants D Training Board of Attendants Question 36 Who bears the investment risk in a fixed benefit annuity? A Insured B Insurer C State D Risk pool Question 37 The application document used for making the proposal is commonly known as the __________. A Application form B Registration form C Subscription form D Proposal form Question 38 Meeting our family and friends and people with whom we do business means we are meeting people from the following group A Natural Market B Centres of influence (COIs) C Reference’s D Immediate Group Question 39 A policy is effected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy becomes payable to the _____________. A Insurer B Insured C Next of kin D Official Trustee of the State Question 40 Below of the which statement is correct regarding cashless claim? A The patient should admitted in a network hospital. B The TPA directly pays to the network hospital. C The insurer directly pays to the network hospital D The insurer directly pays to the network hospital All the above. Question 41 Which among the below statements is true? Statement I: Every pension is an annuity Statement II: Every annuity is a pension A I and II are false B I and II are true C I is false and II is true D I is true and II is false Question 42 Under what circumstances would the policyholder need to appoint an appointee? A Nominee is a minor B Insured is minor C Policyholder is not married D Policyholder is not of sound mind Question 43 Which of the below consumer grievance redressal agencies would handle consumer disputes amounting between Rs. 20 lakhs and Rs. 100 lakhs? A District Forum B Zilla Parishad C State Commission D National Commission Question 44 In the Customer Life time Value if the Premiums and other Revenues that have been received in the Past Value from the Customer so what does Potential Value Mean: A Premium that may be expected to be received if existing business is retained B All the Premiums which are received in the Past C The value of premiums that could be derived by persuading the customer to buy additional Products D None of the Above Question 45 Which of below c0nditions are granted in domiciliary hospitalization? A The condition of the patient is such that he or she cannot be removed to the hospital / nursing home. B The patient cannot be removed to hospital or Nursing Home for lack of accomodation therein. C Both of the above D None of the Above Question 46 IRDA stands for __________. A Insurance Regulatory & Development Authority B International Regulatory & Development Authority C Indian Regulatory & Development Authority D Income Regulatory & Development Authority Question 47 Based on classification of claims (early or non-early), pick the odd one out? A Pravin dies after five and half years of buying a term insurance plan B Ramya dies after 6 months of buying a term insurance plan C Manoj dies after one and half years of buying a term insurance plan D David dies after two and half years of buying a term insurance plan Question 48 In the acceptance Stage, what are the Responsibilities of an Advisor to Fulfil: A FPR and Delivery of the Policy Document B FPR and Deliver of the Policy Document C FPR and Premium Payment D Delivery of the Policy document and Premium Payment Question 49 Which of the below party is not eligible to enter into a life insurance contract? A Business owner B Minor C House wife D Government employee Question 50 What does the term “premium” denote in relation to an insurance policy? A Profit earned by the insurer B Margins of an insurer on a policy C Price paid by an insured for purchasing the policy D Expenses incurred by an insurer on a policy |
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