RAP Exam English Practice Demo Test 10

When an illiterate person wants to have a policy…..

Mr.Shanth has taken an endowment policy of 15 years with ABC insurance company. He has paid premium for 4 years and he could not pay premium for 5th and 6th year. In the 7th year he approaches the company to renew the policy. Now which of the following options will apply to him?

Which of the following statement is not true in connection with nomination?

Which of the following statements in correct in connection with assignment?

Mr. Shanth has taken an endowment policy of 20 years. He has paid premium for 10 years and now the policy is in force. At this point of time can Shanth take loan?

The underwriter can get the required information about the proposer in…..

Mr. Ramesh works in a mining company. So he is exposed to…………..

Lien is imposed on a policy when underwriter feels that……

The income of an individual can be protected with the help of………

Mr. Shanth has got a pure endowment policy for 30 years for the sum assured of Rs. 75,000,00/-. It can be paid to him……

The disposable income means……

Mr. Shanth is in his early 20s and has just started earning. His risk appetite is expected to be…..

Which of the following ways is easier for a person to take a saving product?

Flexibility like partial withdrawal and taking premium holidays is possible with….

Mr. Rajgopal has invested some money. He has been informed clearly about the tenure, interest rate and method of payment of interest at the inception of the investment itself. His investment may be in…..

Which of the following is not a feature of WOP rider?

Mr. Ramakant is 35 years old. He has bought retirement plan for 20 years. This type of pension plan is known as………………

Mr. Ranga has taken Critical Illness Rider. In which of the following scenarios the insurance company will pay him……

The younger the age of an individual…………..their liabilities will be.

Mr. Ramachandra’s son Mr. Bharat has just employed as a software engineer, daughter Anusha has got married. Now Mr. Ramachandra is free from his burden. So Mr. Ramachandra is now in the ……………….stage.

Mr. Vinodh has lot of inconvenience to reach office every day. So he wants to buy an expensive car when he will have sufficient fund. Here Mr. Vinodh’s need is………….

During the recommendation stage the advisor needs to……

For an insurance advisor churning is………….practice

According to IRDA regulations the maximum percentage of first year commission to be paid to an insurance advisor is………….

In the case of agent’s death, the commission payable will be paid to………

Mr. Chintamani has taken a policy from ABC Company on 2nd March 2010, but unfortunately he died on 18th August 201 His death claim is considered as……….

Detailed Investigation will be triggered in case of……

In insurance, if a person is not heard for …….years his is presumed to be dead.

In the process of settling maturity claims….

Issuance of a license to a person has been stipulated in…………….Act

The Insurance Institute of India (III) was formed in…..

The insurance ombudsman has been appointed to protect the interest of…….

The charges were not fully disclosed to the customers” is a common complaint against…..

Mr. Sharma is a newly recruited insurance advisor. To meet his month target he explains only the good points of newly launched plan to his customer. Here Mr. Sharma’s behavior is…………

The code of conduct has been prescribed in India by………..

Which one of the following is possible in retaining the risk?

The timing of death is uncertain, so when one should take life insurance?

Insurance Protects which of the following?

What does the mortality tables contains ?

Mr. Guptha is recently detected with lung cancer. He would like to take an insurance. What is your suggestion?

On 6th August there was a typhoon. Mr.Augustin who had insurance died in typhoon. Now how will the insurance company will categories this particular risk ?

Mr.Akash filled the proposal form but before submitting to the company he discussed with the agent that he is not sure whether he can pay for 15 years . This attitude affects which part of the contract?

Agent who is a licensed intermediary is actually is ?

Mr.Karan who has to go to abroad for 6 months on an official work decides to leave his car with his friend Mr. Jim. What will be the validity of the insurable interest in this case ?

Mr. Varun who own a multi chain company would like to take an insurance. What will be the best option for him from the following ?

Mr. Josh was filling the proposal form but as his mother was sitting beside him, even though he drinks and smokes he ticked “NO” in smoking & drinking column of proposal form. This indicates ?

Mr.Feroz has taken policy for critical illness worth Rs.1 lakh in health policy. He also has a term plan worth Rs.10 lakhs. Mr.Feroz was hospitalized after he was detected with cancer .Unfortunately he died after 3 days of treatment. How the claim will be settled?

Mrs.Shwetha has taken a loan from her policy. Later stage she neither paid back neither the loan nor she paid the premium for a very long time. What will happen to her policy?

Which of the following information does not appear in the First Premium Receipt?

Mr.Santhosh working as a head master who is around 52 years had requested for an Insurance cover for Rs.1 crore. He insisted that his brother’s son should be the nominee not his wife. Underwriter will verify this case for which one of the following: