Showing all 12 results
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IC Exam (Set A)
₹ 999 Add to cart6 Jan 2023
IC Exam Question
If a self-employed person, who is a member of a master trust scheme, ceases to be self-employed and becomes a relevant employee of an employer, which of the following actions is he/she NOT allowed to do?
a) Redeem the accrued benefits in the master trust scheme.
b) Transfer the accrued benefits to another master trust scheme.
c) Retain the accrued benefits in the existing account in the master trust scheme.
d) Transfer the accrued benefits to the MPF scheme in which the new employer is participating.
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IC Exam (Set B)
₹ 999 Add to cart6 Jan 2023
IC Exam Question
Which category of persons is required to join a scheme?
a) Domestic employees
b) Employers of exempt persons
c) People from overseas who enter for long term employment.
d) People from overseas who enter for employment and are covered by overseas retirement schemes.
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IC Paper 1 (Set A)
₹ 999 Add to cart6 Jan 2023
IC Paper 1 Question
Which of the following descriptions about a contract is false?
a) A contract is an agreement enforceable by law.
b) A contract is a legally binding agreement between two or more parties.
c) A contract is an agreement involving a promise to perform one or more acts whereby the promise must be made by all parties of the contract.
d) A contract is an agreement governing the obligations of the insurer and the rights of the insured.
IC Paper 1 (Set B)
₹ 999 Add to cart6 Jan 2023
IC Paper 1 Question
Which of the following factors is NOT essential to insurable interest?
a) There must be some property, rights, interest or potential liability capable of being insured.
b) The property, rights, interest or potential liability must be the subject matter of the insurance.
c) The insured must not stand in a relationship, recognised by law, with the subject matter of the insurance.
d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.
IC Paper 2 (Set A)
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IC Paper 2 Question
Conditions precedent to liability are conditions which must be fulfilled:
a) before the contract can become valid.
b) if the contract is to continue once it becomes binding.
c) before the insured is legally entitled to recover under the contract.
d) after the contract becomes valid.
IC Paper 2 (Set B)
₹ 999 Add to cart6 Jan 2023
IC Paper 2 Question
Which of the following statements about a cover note is false?
a) It is valid only for a certain period.
b) It is subject to the usual terms and conditions of the insurance policy for that class of business.
c) It is subject to any further special clauses if applicable.
d) It is subject to the insurance policy being in force and issued.
IC Paper 3 (Set A)
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IC Paper 3 Question
Which of the following is a NOT a method of underwriting for sub-standard risk classifications?
a) Increasing the premiums.
b) Decreasing the excess.
c) Offering pre-existing condition exclusions.
d) Declining the application.
IC Paper 3 (Set B)
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IC Paper 3 Question
The duty of disclosure arises under all of the following circumstances except?
a) Upon the application until the inception of the insurance policy.
b) Upon a change in ownership of the insurance policy .
c) Upon renewal of the insurance policy.
d) Upon alteration of the insurance policy.
IC Paper 5 (Set A)
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IC Paper 5 Question
Which of the following statements regarding Investment-linked Policies is true?
a) An Investment-linked Policy Owner bears full investment gains and losses.
b) Investment-linked Policies can only be issued by investment companies.
c) Bonus smoothing is applied to Investment-linked Policies.
d) Investment-linked Policies are only available as a single premium policy.
IC Paper 5 (Set B)
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IC Paper 5 Question
Which of the following is NOT a method of investment diversification?
a) Investing in multiple stocks in the same sector.
b) Investing in stocks in different sectors.
c) Investing in stocks in different countries.
d) Investing in one company that has multiple businesses in different sectors.
IC Paper 6 (Set A)
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IC Paper 6 Question
Which of the following statements correctly describes Arbitration?
a) The insured pays more premiums than what is supposed to be paid.
b) The insured profits from purchasing more than one policy covering for the same indemnity.
c) The insurer admits liability for a claim, but the insured does not agree to the amount offered.
d) The rights of the insurer to take possession of the property or situation where the loss or damage has happened.
IC Paper 6 (Set B)
₹ 999 Add to cart6 Jan 2023
IC Paper 6 Question
Which of the following types of liability is covered under Travel Insurance?
a) Injury to the insured’s family member.
b) Legal liability for third-party bodily injuries.
c) Liability arising out of the use of vehicle and aircraft.
d) Liability resulting in loss or damage to the insured’s own property.