Option-3
Q-21- What is advantages of NCB Protector under Motor Policy?
- NCB will never lost
- No NCB lose in case of claim
- NCB can increase more than 50%
- None of above
Option-2 The NCB Protector protects your earned no claim bonus even in case of claim in policy period
Q-22- What is the full form of IDV in Motor policies?
- Insured declared Value
- Insurer Declared Value
- Insurance Declared Value
- None of above
Option-2 IDV stands for ‘Insured Declared value’, it is the maximum value of any vehicle in case of any claim.It is basically sum insured of any vehicle.
Q-23- Which of the following premium rating factors does not apply to motor cycles and scooters?
- Cubic capacity
- Purchase price
- Insured’s estimated value
- Geographical area of operation
Option-3 Insured’s estimated value have no use in case of motor policy underwriting.
Q-24- Own damage is covered under which Section of the Package Policy?
- Section I
- Section II
- Section III
- None of these
Option-1 Own Damage section is covered under section-I of any motor package policy.
Q-25- Applicable Depreciation on all parts made of Glass is _____.
- 10
- 20
- 30
- NIL
Option-4 Depreciation applicable on all parts made of Glass is NIL.
Q-26- What is the maximum time limit in days for Insurance policy transfer in case of vehicle ownership transfer?
- 10 days
- 14 days
- 18 days
- 21 days
Option-2 The maximum days time limit to get policy transfer in favor of new owner is 14 days.
Q-27- IMT used for vehicle fitted with CNG/LPG fuel?
- IMT 25
- IMT 26
- IMT 28
- IMT 30
Option-1 IMT 25 is used in case of vehicle fitted with CNG/LPG.
Q-27- What is maximum value of NCB in Motor Policies?
- 40%
- 50%
- 60%
- 70%
Option-2 The maximum limit for NCB accumulation is 50%.
Q-28- Is there any grace period available for renewal of vehicle policy?
- No
- Yes
- 3 days
- 7 days
Option-1 There is NO Grace period available for renewal of Motor policy.
Q-29- If I get fitted new music system in car, will it covered under my existing motor policy?
- It depends on Insurer
- It depends on Surveyor
- No, additional accessories will not be covered automatically
- Yes, each and every accessory in a vehicle will be automatically covered
Option-3 Accessories, which were not fitted by the original manufacturer, are not automatically covered.
Q-30- What is GVW of any vehicle?
- It is carrying capacity of any vehicle
- It is the Owner estimate of vehicle capacity
- It is used for Pollution certificate generation
- It is maximum operating weight of any vehicle
Option-4 Gross vehicle weight rating(GVWR) is the maximum total weight of your vehicle.