RAP Exam English Practice Demo Test 1

Sanjeev is an insurance expert who has rich experience in determining premium levels for product, what is his profile like

The Non Government organizations(NGO) helps the insurance industry immensely in

Investment by foreign direct investors in to Insurance co’s is restricted to

Which market does the Micro Insurance Concentrate on ?

What facility do the insurer use to cover Risk beyond their Limits ?

what is the max level under which micro insurance can be done

Who is the customer of a Re insurer

Insurance company transfers the insurance which cannot bear by them to

a policy holder takes two insurance policy and the premium amount is identical and he gets lesser commission in one of contract the reason is likely to be

An agent reveals his commission received from insurance sales to X&Y .Both plans are of same duration . Why is commission of X far higher that that of Y

Customer asks the agent to disclose the commission . The agent should

The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is

Churning is bad , based on which aspect

what over riding criteria an insurance agent consider while proposing a solution

Sales Target is reduced . Churning will

Higher persistency to the insurer ensures what ?

Persitency =has increased from 82 % in previous year to 86 % this year . That means

What is the maximum Time in which The insurer should settle a claim when all documents are submitted

A missing person is considered to be dead after

The delay in settling claim by any insurance co, as per IRDA norms has to pay….% if the present bank interest rate is 5.2%

A claim was submitted & in how many days company should ask for additional documents if required

Vivek takes insurance policy and dies after 8 months . If the claim needs to be excluded basis the exclusion cause what could be the cause

An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is th limits

Consumer Forum at district level will hear complaints up to

How much is the rebate allowed by IRDA to client

the controller of insurance in india is

A insurer advertises through daily news paper . What type of marketing is

Investment by NRI(Non Resident Indian) will be

MWP- If the policy is endorsed under MWP – then the beneficiaries are wife and ?

Mr.Sunil is doing premium calculation for his company, as per which authority is his profession related to

basic qualifications of agent

Which Institution was Constituted by Insurance Act 1938

What is the role of National Insurance Academy?

According to IRDA act 1999, central governments involve in insurance industry over

Complaint council bodies other than IRDA grievance readdress forum & COPA

What are the ways by which a policy holder can make complaints

what are the ways in which IRDA can be contacted . One is thru toll free number and other is

what is the maximum level of complaint that can be considered and taken action by ombudsmen

What is the period of award passed to the customer decided by ombudsman?

Raju is a certified license holder under what circumstances he needs to hold his certified license with him that is issued by irda

A policy has been rejected by the company under direct intimation to the customer and copy to the Agent, what is the next action of the Agent

lung cancer and smoking .

The type of risk that can be insured against is

Harish takes a life insurance policy for Ramesh. Which of the following statement best describes the principle of Insurable Interest.

what is the min age to enter into the contract of insurance

In a whole life plan – The policyholider’s responsibility to give disclosure

Types of assignment

why does an insurer insist on age proof document . To assess

Mr A submitted the proposal form . When will the risk begins for the company?

The obligation of the insurer for the whole life policy is mentioned in