Weekly Insurance Digest-September 05,2021

Q-8- For each claim free year the cumulative bonus available under Star Health launch Cancer Care product is

  1. 5% for each claim free year upto max. of 50%
  2. 10% for each claim free year upto max. of 50%
  3. 15% for each claim free year upto max. of 50%
  4. No cumulative bonus option

Option-1 The insured will get a cumulative bonus of 5% of the basic sum insured for each claim-free year up to a maximum of 50% of the basic sum insured.

Q-9- The waiting period for Cardiac disorder is _________ under Star Health launch Cardiac Care product.

  1. 15 days
  2. 30 days
  3. 45 days
  4. 60 days

Option-2 Waiting period for Cardiac disorders: 30 days.

Q-10- Under Cardiac care product, the expenses for Heart Transplantation are covered up to ____________ (after 24 months waiting period)

  1. 50% of the sum insured
  2. 100% of the sum insured
  3. 200% of the sum insured
  4. 250% of the sum insured

Option-2 Expenses for Heart Transplantation are covered up to 200% of the sum insured (after 24 months waiting period).

Q-11- Recently, HDFC Life Insurance Co. Ltd has agreed to buy which insurance company?

  1. Max Life Insurance
  2. Exide Life Insurance
  3. Aviva Life Insurance
  4. Bharti Axa Life Insurance

Option-2 HDFC Life Insurance Co. Ltd has agreed to buy Exide Life Insurance Co. Ltd.

Q-12- The HDFC Life acquisition deal of

  1. ₹6,578 crore
  2. ₹6,685 crore
  3. ₹6,687 crore
  4. ₹6,786 crore

Option-3 HDFC Life Insurance Co. Ltd has agreed to buy Exide Life Insurance Co. Ltd, a unit of battery maker Exide Industries Ltd, for ₹6,687 crore.

Q-13- New CMD of United India Insurance is

  1. Niraj Shah
  2. SL Tripathy
  3. Mahavir Chopra
  4. Girish Radhakrishanan

Option-2 The Government has appointed SL Tripathy,57, director, New India Assurance(NIA), as the CMD of Chennai based United India Insurance(UII), the second largest general insurer in the country.

Q-14- Bharti Axa General Insurance is acquired by _______________

  1. Tata AIG General Insurance
  2. Max Bupa General Insurance
  3. HDFC Ergo General Insurance
  4. ICICI Lombard General Insurance

Option-4 IARDAI approves acquisition of Bharti Axa General Insurance by ICICI Lombard General Insurance.

Q-15- Aon plc. USA  based re-insurance broker announced increased its stake in Aon India Insurance Brokers from 49 percent to _________

  1. 51 percent
  2. 75 percent
  3. 90 percent
  4. 100 percent

Option-4 Aon plc,USA  based re-insurance broker announced increased its stake in Aon India Insurance Brokers from 49 percent to 100%.

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