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Insurance MCQ Daily-18

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Q-11- Which of the following statement’s is/are true?

  1. In Life insurance policies, the risk is constant.
  2. In Life insurance policies, the actual loss is compensated for.
  3. In Life insurance policies, the coverage is against the Death.
  4. All are correct

Option-3 Life insurance policies covers Death risk coverage.

Q-12- Term plan is a life cover which provides coverage for a

  1. defined period of time
  2. upto one person live without mentioned any period
  3. none of above
  4. any one of the above

Option-1 Term plan provides coverage upto defined period of time.

Q-13- SBI LifeSmart Health Insurance plan

  1. provides coverage for age group of 18 yrs. to 65 yrs.
  2. provides coverage for age group of 18 yrs. to 70 yrs.
  3. provides coverage for age group of 25 yrs. to 65 yrs.
  4. provides coverage for age group of 25 yrs. to 70 yrs.

Option-1 SBI LifeSmart Health Insurance plan provides coverage for age group 18 yrs. to 65 yrs.

Q-14- Oriental Insurance Happy family floater policy offers coverage for children having min. age of

  1. 1 month
  2. 3 months
  3. 6 months
  4. 12 months

Option-2 Happy family floater offers coverage for children having minimum age of 3 months.

Q-15- No Claim Bonus(NCB) applies on the

  1. total premium of the policy
  2. only on own damage(OD) section of policy
  3. only on the third party(TP) section of the policy
  4. none of above

Option-2 NCB applies on the own damage(OD) section of the policy.

Q-16- No Claim Bonus(NCB) can accumulate up to

  1. 30%
  2. 40%
  3. 50%
  4. no limit

Option-3 NCB can go maximum upto 50%.

Q-17- Normally NIL depreciation or Zero depreciation policy can issue upto

  1. vehicle age of 3 years
  2. vehicle age of 4 years
  3. vehicle age of 5 years
  4. vehicle age of 6 years

Option-3 NIL Depriciation policy can be issue upto vehicle age of 5 yars.

Q-18- Copay and Coinsurance are

  1. Same terms
  2. different in terms of application
  3. applicable to motor policies
  4. none of above

Option-2 Both are different terms having different meaning and application of these.

Q-19- The term STFI means

  1. Storm, Temperature, Flood, Indemnity
  2. Storm, Typhoon, Flood, Inundation
  3. Subsidence, temperature, Flood, Inundation
  4. Short circuit, Theft, Flood, Inundation

Option-2 Storm, Typhoon, Flood, Inundation

Q-20- Storage cum erection(SCE) policies can issued on installment based premium

  1. True
  2. False
  3. can’t say

Option-1 SCE policies premium can pay in installments.

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