IC38 Life – Hindi Mock Test 1

Which among the following is the regulator for the insurance industry in India?

Which among the following is a secondary burden of risk?

Which among the following is a method of risk transfer?

Which among the following scenarios warrants insurance?

Which of the below insurance scheme is run by an insurer and not sponsored by the Government?

Risk transfer through risk pooling is called ________.

The measures to reduce chances of occurrence of risk are known as _____.

By transferring risk to insurer, it becomes possible ___________.

Origins of modern insurance business can be traced to __________.

In insurance context ‘risk retention’ indicates a situation where _____.

Which of the following statement is true?

Out of 400 houses, each valued at Rs. 20,000, on an average 4 houses get burnt every year resulting in a combined loss of Rs. 80,000. What should be the annual contribution of each house owner to make good this loss?

Which of the following statements is true?

Why do insurers arrange for survey and inspection of the property before acceptance of a risk?

Which of the below option best describes the process of insurance?

What is meant by customer lifetime value?

Identify the scenario where a debate on the need for insurance is not required.

As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?

What does not go on to make a healthy relationship?

Which among the following is not an element of active listening?

Which among the following is not a characteristic of ethical behaviour?

____________ is not a tangible good.

_______________ is not an indicator of service quality.

In India _______________ insurance is mandatory.

One of the methods of reducing insurance cost of an insured is __________

A customer having complaint regarding his insurance policy can approach IRDA through

Consumer Protection Act deals with:

___________ has jurisdiction to entertain matters where value of goods or services and the compensation claim is up to 20 lakhs

In customer relationship the first impression is created:

Select the correct statement:

Active Listening involves:

The ______________ has jurisdiction to entertain complaints, where value of the goods or services and the compensation claimed is up to Rs.20 lakhs

Expand the term IGMS.

Which of the below consumer grievance redressal agencies would handle consumer disputes amounting between Rs. 20 lakhs and Rs. 100 lakhs?

Which among the following cannot form the basis for a valid consumer complaint?

Which of the below will be the most appropriate option for a customer to lodge an insurance policy related complaint?

Which of the below statement is correct with regards to the territorial jurisdiction of the Insurance Ombudsman?

How is the complaint to be launched with an insurance ombudsman?

What is the time limit for approaching an Insurance Ombudsman?

.) Which among the following is not a pre-requisite for launching a complaint with the Ombudsman?

Are there any fee / charges that need to be paid for lodging the complaint with the Ombudsman?

Can a complaint be launched against a private insurer?

Which among the following is an example of coercion?

Which among the following options cannot be insured by Ramesh

Which element of a valid contract deals with premium?

_____________ relates to inaccurate statements, which are made without any fraudulent intention.

________________ involves pressure applied through criminal means.

Which among the following is true regarding life insurance contracts?

Which of the below is not a valid consideration for a contract?

Which of the below party is not eligible to enter into a life insurance contract?