WorksheetsPolicy Claims
Total questions: 15
Worksheet time: 16mins
If the policy holder dies after the due date of survival benefit claim but before the settlement of the claim, the rights for that survival benefit would vest in ______
Nominee under the policy
The legal heirs of the policyholder
Appointee under the policy
The money will be retained by the insurance company
Which claim needs submission of proof of death?
Maturity Claim
Survival Benefit Payment
Death Claim
None of the above
What type of claims are investigated before a pay out?
Maturity claims
Early claims
Non early claims
Survival Benefit Payment
To whom is the insurance policy assigned as financial security, when loans are taken from banks?
Nominee
Bank
Policyholder
None of the above
In claim settlement cases, in how many months should the investigations be completed?
3 months
6 months
9 months
None of the above
Once all the requirements are completed, how much time should an insurance company take to settle the claim?
30 days
60 days
120 days
None of the above
Who is entitled to the maturity claim?
Nominee
Assignee when there is no assignment registered
Policyholder himself if there is no assignment under the policy
Appointee
If there are two nominees, how will the policy money be paid? Select the correct answer.
A) Joint discharge would be given by both the nominees
B) Claim proceeds will be paid jointly to all nominees
Only A Correct
Both A & B correct
Both A & B incorrect
As per the Evidence Act, after how many years will a missing person be presumed dead?
2 Years
5 Years
7 Years
10 Years
Type of Assignment
1) Absolute
2) Permanent
3) Conditional
1 & 2 Correct
1 & 3 Correct
Is accidental rider claim amount paid if Death or injury was caused by outward, violent and visible means?
Yes
No
A-----------Certificate is issued by a competent court on the question of right to the property of the deceased.
Indemnity
Discharge
Succession
Will of deceased
Section-------of the Insurance Act, States that two year from the date of policy, the insurance company cannot question the contract unless certain condition are fulfilled.
39
44
45
41
If there is death claim, the claimant is the nominee under Section-------of the Insurance Act?
39
41
42
45
If the policy had been financed through an HUF fund, the money will have to paid to------of the HUF.
Nominee
Appointee
Karta
Trust
