Professional Documents
Culture Documents
Q1. Kailash is working with an MNC and has a coworker Ramesh who helps him in his work. In the absence of Ramesh
Kailash�s work would suffer significantly and he has to work on his own to complete his assignments. Which of the
statement is true with regard t
Q2. In which kind of policy the insurable interest should exist at the time of claim
Motor insurance
Marine insurance
Liability insurance
Travel insurance
Q3. If the employer has insurable interest in the life of an employee what kind of policy is this?
Surety insurance
Keyman Insurance
Partnership Insurance
Debtor Insurance
Q4. Which of the following document contains the offer of the insurer:
Proposal
Prospectus
Policy
Endorsement
Q5. In a life insurance policy it is later found that the person doesn�t have insurable interest then the contract
is����������
expired
reviewed
Void
Valid�����
Q6. Rohit 17 years old submitted a proposal for Endowment plan of Rs. 1 lakh to AB Insurance Company. In the absence of
an essential ingredient of a valid contract the proposal was not accepted. Which factor caused the insurer for non-
acceptance of the pr
Capability of performance
Legality of object
Offer
Capacity to contract
Q7. How many days free look time available after receiving Policy documents ?
30
15
20
45
Value contracts
Legal contracts
Logical contracts
Q9. Ajay does not consumes alcohol for a month to not detect during medical test is
Fraudulent misrepresentation
Innocent misrepresentation
Q10. Where annually increasing flexible premiums operate under a life insurance policy what rate of increase will generally
apply?
0.03%
0.03%
0.05%
0.07%