RAP Exam English Practice Demo Test 3

All ULIP pension plans have to give how much percentage as Guaranteed returns

Yash wants to take open market option in Pension plan. What is the benefit?

Commutation option allows the annuity policy holder to with draw

commutation is a feature of which type of policy

Waiting period in a health insurance policy is to address

Under a health insurance policy,if a policy holder needs to avail his no claim bonus, how can that be done

Danny is married and has two children aged 6 & 10 , His parents are aged 68 &70 . Who all can be included in Family floater option of a health plan

Implication of Daily Hospitalisation benefit paln

Rupkumar wants to take Commutation option. What is the maximum amount he can withdraw

Critical illness rider was taken and the rider benefit has been claimed , the rider benefit now gets

A person has taken a term insurance of 4 Lac. What is the maximum Critical Illness Rider he can take

Mr. Sharma buy term insurance policy along with Accident and Disability benefits rider cost restricted upto the base premium of the policy?

Mr.Ramesh invested Rs:50000 in pension policy, what is the percentage he can avail as exemption in Income tax.

In a Guaranteed annuity option of 5 years , the policy holder will get annuity till

Why do Self Employed Individual have the need to buy Medical Insurance rather than People working in public Sectors

Mohit has two kinds, one of 6 years and other 8 years.He is the earning member and not having life cover. Before advising him to take health policy, what he should be advised.

Manoj a 26 year old is having 7 years old son. What will happen to his monthly disposable income after 15 years of job

Samir is married and he has only one partner,with dependant parents and no child,which should be his priority

The sole focus during a client’s fact-find session was healthcare requirements and estate planning. Which main life stage is he most likely to fall into?

A Couple has 7 years old son, What solution would they be looking for

In which of the recognized life stages an individual does not required any protection cover

Benefit Illustration given to a customer quantifies an amount by which investment return is reduced. This reduction reflect the impact of

objective of fact finding

Fact finding sheet allows the agent to

Mr A has been approached by the Agent and on fact finding the score is 3 , this represents

Net premium is equal to

Pooling of risk in insurance means

Principle of utmost good faith will operate in existing policy

Both the parties to a contract must agree and understand the same thing and in the same sense which is called

In case of life insurance, Insurable interest must exist

With this type of deposit the bank pays the principal and the total interest at the end of the term

The Premium on all riders put together should not exceed

How riders will help the customer in life insurance

In Daily hospitalization cash benefit scheme

In term insurance if Critical illness rider claim happens then what will happen to existing policy

What is the main objective of taking the life insurance policy

Group Insurance can be taken in following relationship

Where one can approach in case of dispute

Life insurance is the most important for which age group

Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply

Kamal is willing to pay 60000/- per annum for his ULIP policy. What should be the SA in case he wants to avail the tax benefits

The regulations issued by the IRDA, require that the decision on the proposal must be conveyed to the proposer within

Family floater health Insurance plan covers

According to IRDA guidelines, how long does an insurance company have to complete its investigation of a claim

How the Daily hospitalization cash benefit will provide benefits to policyholder who is hospitalized

Who is a regulator, supervisor and monetary authority of the financial system in India

Indisputability clause can be enforced by the insurance company during the

To ensure that the premiums are paid out of a legitimate source of funds cash is accepted

In Cumulative bank deposit the interest that in normally compounded on what basis

The premium for accidental death benefit rider must not exceed