Weekly Insurance Digest-August 22,2021

Q-8- Presently, Max life Critical illness rider is linked with?

  1. non linked plans
  2. unit linked plans
  3. both above
  4. none above

Option-3 Max launched this rider last year but at timme the rider was available only under non-linked plans, but now launched the Critical Illness & Disability Secure Rider that can be attached to unit-linked policies as well.

Q-9- Max’s critical illness rider is available in __________ variants.

  1. three
  2. four
  3. five
  4. six

Option-3 Under the critical illness & disability secure rider, one has the option to choose from five distinct variants, each covering different critical illnesses.

Q-10- Premium paying options under this Max’s rider is

  1. limited pay
  2. regular pay
  3. both above
  4. none above

Option-3 This rider lets one opt for limited pay or regular pay option as per the base plan for the rider cover.

Q-11- What is Max Fit?

  1. a rider
  2. a policy
  3. a wellness app
  4. a fitness newsletter/magazine

Option-3 Max Fit is a holistic wellness benefit app that helps customers maintain good health.

Q-12- As an incentive, customers can get discounts up to _______ of the renewal rider premium on an accumulation of a certain number of “healthy weeks” as per rider terms and conditions.

  1. 5%
  2. 10%
  3. 15%
  4. 20%

Option-2 As an incentive, customers can get discounts up to 10% of the renewal rider premium on an accumulation of a certain number of “healthy weeks” as per rider terms and conditions.

Q-13- The Bill – The General Insurance Business (Nationalisation) Amendment Bill, 2021 – will allow the government to bring down its stake of _______ in State-owned general insurance companies.

  1. 74%
  2. 55%
  3. 51%
  4. 49%

Option-3 As per the statement of objects and reasons, the proposed amendments to the General Insurance Business (Nationalisation) Bill seeks to remove the mandatory requirement of the Central government holding not less than 51 percent of the equity capital in a specified insurer.

Q-14- Willis Towers Watson’s new Chief executive’s successor is

  1. Guy Simkin
  2. John Haley
  3. Victor Ganzi
  4. Stalwart Carl Hess

Option-4 Stalwart Carl Hess is the Willis Towers Watson’s new Chief executive’s successor.

Q-15- Which company recently faced Ransomware attack?

  1. SAP
  2. Oracle
  3. Microsoft
  4. Accenture

Option-4 Accenture has become the victim of a ransomware attack that reportedly affected 2,500 of the company’s computers as the perpetrators made off with stolen data – but the consulting services company maintains that the cyberattack had “no impact” on its operations.

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