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WorksheetsQuiz For Trainers
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Which of the below is not correct with regards to insurable interest?
a)
Father taking out insurance policy on his son
b)
Friends taking out insurance on one another
c)
Spouses taking out insurance on one another
d)
Employer taking out insurance on employees
2.
Which of the mentioned statement is incorrect in respect to “Indemnity”?
a)
The amount paid by the insurer as a claim should not exceed the amount of loss incurred.
b)
Insurance should place the insured in the same financial position after a loss, as he enjoyed before it, not better.
c)
Indemnity is applicable to Life Insurance.
d)
Indemnity is applicable to General Insurance.8)
3.
Calculate HLV: Mr. Rajan earns Rs. 1,80,000 a year and spends Rs. 40,000 on himself. Current interest rate is 7%.
a)
12,00,000
b)
18,00,000
c)
20,00,000
d)
25,00,00010)
4.
The principle of utmost good faith in underwriting is required to be followed by ___________.
a)
The insurer
b)
The insured
c)
Both the insurer and the insured
d)
The medical examiners
5.
What is the maximum tenure a person can invest in an FD?
a)
3 Years
b)
5 Years
c)
7 Years
d)
10 Years
6.
When can a person withdraw his/her money from a PPF?
a)
After 7th year.
b)
After 5th year.
c)
After 8th year.
d)
After 10th year.
7.
Which of the below investments have tax benefit over and above Section 80C?
a)
FD
b)
NPS
c)
PPF
d)
MF
8.
If a customer is diagnosed with cancer and died within one month. What is the benefit that the nominee will get from I Term Plus Plan “Life + Health Option”?
a)
Terminal illness benefit
b)
a) Only Critical Illness Benefit
c)
Only Death benefit
d)
c) Both Death and Critical Illness Benefit
9.
What is the Policy Admin charges in iMaximize?
a)
A. Rs. 50 Per month & will be deducted by cancelation of Units
b)
A. Rs. 75 Per month & will be deducted by cancelation of Units
c)
A. Rs. 100 Per Quarter & will be deducted by cancelation of Units
d)
None Of the Above
10.
The policy holder has the following options in case of discontinuance of policy after 5 years?
a)
Revive the policy
b)
A. completely withdraw from the policy
c)
A. convert into paid up
d)
All of the above
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