If a general or life insurance policy with a sum assured of Rs. 50000 or less, then it denotes which type of insurance category? [A]Mortgage Insurance [B]Micro Insurance...
If a person experience illness, injury, or other physical or psychological impairment, whether temporary or permanent, then it is which type of risk? [A]Morbidity Risk [B]Preferred Risk [C]Morbidity...
Which type of life insurance coverage payable to a third party lender upon the death of the insured for loss of loan payments? [A]Micro Insurance [B]Mutual Insurance [C]Mortgage...
When two or more distinct insurance policies combined into a single contract, it is known as [A]CMO [B]Package Policy [C]Mortgage Insurance [D]Micro Insurance Show Answer Package Policy When...
What do we call the money charged for the insurance coverage? [A]Policy Lapse [B]Morbidity Risk [C]Premium [D]Package Policy Show Answer Premium Premium is the money charged for the...
A person who identifies, examines and classifies the degree of risk represented by a proposed insured in order to determine whether or not coverage should be provided and,...
The process of identifying and classifying the degree of risk represented by a proposed insured. As per insurance sector, what does the term stands for? [A]Underwriting [B]Collateralized Mortgage...
Which among the following is the correct full form of ESIC? [A]Employee’s State Insurance Corporation [B]Employer’s State Insurance Corporation [C]External State Insurance Corporation [D]Exact State Insurance Corporation Show...
Which Insurance policy gives holder the benefits of both Insurance and Investment? [A]Term Insurance Policies [B]Money-back Policies [C]Unit-linked Investment Policies [D]Pension Policies Show Answer Unit-linked Investment Policies A...
