Q1. If a policy is endorsed under MWP Act the beneficiaries are wife and
Parents
ExWife
Children
Mother
Q2. An Insurer advertises through daily news paper. What type of marketing is this ?
Cross Selling
Direct Selling
Solicitation of Policy
Brand Building
Q3. AML program of every insurer to include ___________ apart from procedure Training and audit.
Inspection by IRDA
Audit by Finance Ministry
Appointment of Principal Compliance Officer
Inspection by Auditor General
Q4. How much is the rebate allowed by IRDA to client
Nil
0.05
0.1
0.35
Q5. Rahul is appointed as Director of Life Insurance Company He cannot be an
Insurance Advisor
Nodal Officer
Chief Actuary
Underwriter
Q6. Agent offering rebate may be fined with
Rs. 300
Rs. 500
Rs. 1000
Any of them
Q7. To redress the Grievances of the Poliocy Holders a number of Authorities have been formed. Which of the following
authorities has been empowered to hear the complaints and adjudicate ?
Insurance Ombudsman
Consumer Grievance Redressal Forum
Consumer Affairs Department
IRDA
Q8. Which Act or Regulation provides that the Renewal Commission is payable to the legal heirs of the insurance Agent ?
IRDA Act 1999
IRDA Regulations 2000
Insurance Act1938
Indian Contract Act 1872
Q9. In MWP Act policy claim is paid to
Nominee
Assignee
Trustee
Policy Holder
Q10. To ensure that the premiums are paid out of a legitimate source of funds cash is accepted
upto 50000
upto 99990
upto 100000
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