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26th April 2016, 03:27 PM
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IRDA Model Exam IC 33
Hello, I want the model exam paper of the IC 33 of the Insurance Regulatory and Development Authority of India.
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#2
26th April 2016, 03:28 PM
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Re: IRDA Model Exam IC 33
Hello, here I am providing you the exam paper of the IC 33 of the Insurance Regulatory and Development Authority of India as under: 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 negativ 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 categorised 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 |