RAP Exam English Practice Demo Test 9

The “Risk” contains….

Grouping the similar risks by Insurance Company is called as….

The function of Insurance works on…..

A contract comes into existence when………

Mr. Kumar’s wife is suffering from blood cancer. Doctors lost their hope on her live. Mr. Kumar would like to take Life Insurance policy on wife’s name in order to get monitory benefit. Insurance company rejects this proposal on the grounds of…….

Under this situation may leads to breach of the duty of utmost good faith.

The principle of utmost good faith is not applicable to

What is the main source for insurance company to get information of proposer?

What are the factors involved in calculating Surrender Value of the Policy?

Mr. Kumar is taken one life insurance policy with ABC Company. But he is not satisfied with the policy benefits. What Mr. Kumar can do under this situation?

Moral Hazard reflects the …….

Income replacement methods equates Human Life Value (HLV) to

Agent will be called as…..

Mr. Rajesh has taken policy from ABC insurance company for Rs. 500000 Sum Assured by paying Rs. 50,000 premium per year. Company declared 5% Simple Reversionary bonus, what is bonus amount?

Term Insurance Plan will give….

Low risk products give…..

Who will maintain Mutual Fund Schemes?

Which is the primary saving need among all saving needs?

Mr. Rao has Rs. 10, 00,000 cash with him. He would like to use this amount for his daughter’s marriage which is going to happen with in Nine months. He would like to get some returns from this money in these 9 months period. What is the best option to park his money?

Which of the following product not comes under Section 80 ( C ), income tax act 196

Mr. Suresh purchase one pension plan and accumulated Rs. 9,00,000 amount in his pension fund. He would like to utilize commutation benefit before taking pension. What is amount Mr. Suresh can withdraw as commutation?

Customer has to pay the amount in regular intervals to create purchase price or Pension Fund. We call this phase as…..

Some Health Plans will give coverage for family members also. We will call these plans as…..

Mr. Hitesh would like to get health coverage along with Life Insurance. What are the options available to Mr. Hitesh to fulfill his need with a little cost?

Mr. Govind, Advisor with ABC life insurance company find out one client is seeking solutions for health care and inheritance planning. Which main life stage he most likely to fall into?

Which type of questioning is very useful to gather information from clients?

Perceived needs are those….

Need analysis involves identifying………

Which is the not part of KYC norms?

Remuneration to Agents includes

Mr. Gayaram, Advisor who advised the customer to close the old policy and take new one. But new policy does not have any extra benefits but it will give more commission to Mr. Gayaram. This is called as……

An insurance agent is intermediary between….

What is the factor which has influence on persistency?

What is meant by a claim under insurance policy?

Who will take the initiation to settle the maturity claim process?

Which is the right statement regarding claim enquiry?

Which is the 2nd stage in Money Laundering?

Who controls and regulate the rates, advantages, terms and conditions that may be offered by insurers in the respect of general insurance business.

How many ombudsmen offices located in India?

What the name of department that is established by IRDA to deal with customer complaints?

Ethics can be defined as…

Which is not unethical behavior in below statements?

Mr. Mahesh is a software engineer. He has taken a term insurance for Rs. 30,000,00/- for 30 years. This is an example for—————–

Which of the following do not include the channel of indirect marketing?

Which of the following can be an example of moral hazard?

The business of Insurance is connected with…………….

Human beings need life insurance because………………

Life insurance the risk is determined on the basis of ……….

Where do you not find insurable interest in the following options………

The principle of utmost good faith applies to………..