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Q1. What is the usual period on completion of which a Life Insurance policy acquires some surrender value?
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Q2. What is the main features of a without-profit policy?
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Q3. In life insurance at what time or event, claims becomes payable?
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Q4. Can I convert a term policy to a permanent policy?
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Q5. Which type of insurance policies are paid annual bonus or dividend?
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Q6. Can Risk of living too long can be covered an insurance policy
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Q7. What is Policy Allocation Charge (PAC). What does it consists of?
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Q8. What is Accumulation Hazard?
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Q9. A unique hazard that have presence in a Group Life Policy is_____
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Q10. Can I foreclose a policy?
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Q11. How to revive a lapse Policy?
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Q12. What is discounted maturity Claim? /Can I get a maturity claim before the maturity date?
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Q13. What is the stipulated period, within which, a claim under a Life Assurance Policy, shall be paid by an insurance company?
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Q14. What will happen to a claim if the claimant (Nominee or Legal Heirs) is unable to product identification documents?
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Q15. Who is Lien-Holder?
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Q16. What is No-claim Bonus and when an Insured is entitled to it?
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Q17. What are the factors, that need to be considered for calculating Human Life Value (H.L.V.)?
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Q18. Who is the inventor of Human Life Value (H.L.V.)?
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Q19. Does death by suicide is covered in India under Life Insurance cover?
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Q20. Does Medical Examination is also required to be undergone on each renewal?
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Q21. Can the claimant (nominee/legal heirs) can ask the insurance company to pay the claim amounts as a regular annuity instead of one time payment?
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Q22. What is annuity payment?
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Q23. What kind of insurance policy can be recommended for a childless couple?
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Q24. What is vesting age in a pension plan?
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Q25. Mr. A who had a life insurance policy forgot to appoint a nominee. He died, who will get the proceed of life insurance policy as there is no Nominee?
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Q26. What will happen if the insured undeclare or under-state his actual age while buying an insurance policy?
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Q27. Who are contingent beneficiary?
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Q28. Who are defined as Key-Person in a Partnership Firm?
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Q29. Does farm animals, cattles, livestock etc. can be covered under Life Insurance?
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Q30. How 'incontestable clause' helps a policy holder?
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Q31. Which age determination method is considered as favourable to the Insured?
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Q32. Why Level Premium is charged by an Insurance company?
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Q33. Which type of premium collection method reduces the chances of default?
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Q34. What is 'Office premium'?
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Q35. If the Sum-Assured is Rupees 60,000 and the Tabular Premium is Rupees 33.54, Calculate the premium amount
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Q36. Explain Vesting Bonus
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Q37. Explain Compound Reversionary Bonus
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Q38. On which date bonus on policy is usually declare?
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Q39. What is Persistency Bonus?
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Q40. Which insurance plan covers both the Short-lived life and Long-lived Life?
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Q41. In case of accidental death, what additional document is asked for when you file an Insurance Claim?
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Q42. Which Insurance Plan Covers for Both the Contingencies of Survival and Contingencies of Death
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Q43. Which Policy is suitable for people who has financial obligation like mortgage or housing loan.
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Q44. Whats the benefit of Decreating term life insurance?
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Q45. Mr. A who purchased a Double Endowment Insurance plan with sum assured of Rs. 5,00,000/-. Identify the amount he will be entitled if he survive the policy period?
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Q46. Which insurance plan returns the entire sum assured in one or more instalments as survival benefits?
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Q47. Who is covered under a Child Insurance Plan?
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Q48. Can a person hold more than 1 life insuranc policy in his/her life?
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Q49. What tax benefits available under Section 10(10D) on Life insurance purchased?
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Q50. Which plan is known as Anticipated Endowment Insurance Plan?
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Q51. If a life insurance cover taken under the Married Women's Property (M.W.P.) Act, is surrendered, who will get the surrender value?
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Q52. Who pays the cost of medical report in a life insurance proposal?
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Q53. Can a policy taken under Married Women's Property (M.W.P.) Act, be surrendered?
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Q54. Which Life insurance is considered as the best tool to protect the dependent family members.
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Q55. Can I assign a policy taken under MWP Act 1874.
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Q56. Who is an Annuitant?
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Q57. What is Annuity?
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Q58. Is Annuities are insurance contract?
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Q59. What are the factors that determines the Annuity Value?
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Q60. If the Life-Assured had been missing, what is the additional document required to be submitted for settlement of claim?
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Q61. You being an insurance agent, has been approached by a person who is nearing retirement. What kind of annuity plan you should suggest him?
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Q62. In annuities, when annutization starts ?
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Q63. Can a Member/s who exit a group insurance because of retirement/resignation continue the insurance plan of his own name?
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Q64. How the sum insured is determined for each member in a group life policy?
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Q65. What is Free cover limit in Group Life Plan?
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Q66. In annuities, when annutization starts ?
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Q67. One of the criteria used in underwriting Group life policy is "Active-at-Work" what does it means?
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Q68. Which one is cheaper Group Life Policy or Individually sponsored Life Policy?
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Q69. Is gratuity become payable in case of dismissal of employment, fraud, theft, assault, rape, or molestation.
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Q70. Where or in which organisation Payment of Gratuity Act, 1972 is mandatorily applicable?
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Q71. Is gratuity is taxable?
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Q72. What is correct formula for gratuity calculation?
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Q73. In what type of Pension Scheme, the pension amount is known before-hand and does not effect due to volatility in the market?
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Q74. Does Top-Ups in ULIP will also attract Lock-in-Period of 5 years?
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Q75. What will happen if a ULIP Holder fails to pay premium in a year?
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Q76. With regards to ULIP, what does "Premium-Holiday" means?
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Q77. What is Net Asset Value (NAV) in ULIP?
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Q78. What is correct formula to calculate Total Fund Value?
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Q79. How Unit Price in ULIP is calculated in Expropriation Method?
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Q80. Does ULIP declare bonus?
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Q81. What happen if you fail to pay a premium in ULIP within stipulated time?
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Q82. Can Discounted ULIP can be revived?
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Q83. When is the Proposer is generally required to provide Age-Proof?
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Q84. What are usual Policy conditions in a Insurance Policy
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Q85. Is there a chance of getting the insurance claim in case of policy for which premium payment has been stopped?
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Q86. If a proposal received from a person with terminal cancer, what will usually be response of an underwriter
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Q87. Which one is cheapest form of Life Insurance?
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Q88. Does Subrogation principle applies in Life Insurance?
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Q89. When a Policy lapses, who gets benefited?
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Q90. What is special Revival Scheme (SRV)?
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Q91. Which policies, usually does Not have loan facility?
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Q92. What is Bancassurance?
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Q93. In what situation, fore-closure of a life insurance policy can be initiated by the Insurer?
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Q94. In case of un-natural death or accidental death, what additional documents required to be submitted for claim process?
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Q95. If an insured wants to cancel a policy, what documents required to submitted?
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Q96. Intimation of death need to be given within how many days of death of the insured?
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Q97. What is Settlement Option in Life Policy?
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Q98. What is usual death claim settlement ratio in India?
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Q99. When a claim is considered as Early Death Claim? And how such cases are considered by an Insurance company?
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Q100. Can I take insurance on the life of my parents even if they are not dependent to me?
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