Q-8- A Panel constituted by the insurance regulator IRDAI under leadership of _________________ to overhaul the existing guidelines on Trade Credit Insurance(TCI).
- Atul Sahai,CMD, New India Assurance
- Suchita Gupta,CMD, National Insurance
- Anjan Dey,CMD, The Oriental Insurance Co. Ltd.
- Satyajit Tripathy,CMD, United India Insurance Co. Ltd.
Option-1 A Panel constituted by the insurance regulator IRDAI under leadership of Atul Sahai,CMD, New India Assurance, to overhaul the existing guidelines on Trade Credit Insurance(TCI).
Q-9- IRDAI constituted a working group to design innovative, tailor-made ___________ product for policyholders.
- Fire
- Cyber
- Marine
- Professional Liability
Option-2 IRDAI constituted a working group to design innovative, tailor-made Cyber product for policyholders.As per IRDAI, The main objectives of new the guidance document on product structure for Cyber Insurance are;to enable insurers to evaluate new technologies posing heightened cyber risk, identify protection gaps in the existing products and address the changing needs of market,to facilitate insurers in developing stand-alone cyber insurance products, specifically designed to address the evolving cyber risks,to provide a set of recommendations on maximum possible coverages that could be included in the cyber insurance products, to encourage insurers to adopt best practices and provide additional covers in response to customer needs, to improve the development of the cyber insurance market with new products and enhance benefits for policyholders.
Q-10- Which state farmers called Insurers about damages of Crop due to excessive rain during Monsoon?
- Punjab
- Karnataka
- Maharashtra
- Andhra Pradesh
Option-3 Over 7 lakh Maharashtra farmers call Insurance companies to inform about crop damages due to excessive rain. A total of 2,56,985 calls were received till August 1 from farmers across Maharashtra intimating about extremely heavy rains that led to damage of crops. The number of such calls increased to 4,15,747 by September 1 and reached 5,53,491 on September 9. In last two days, the number of such calls reached over seven lakh,” state agricultural commissionerate’s chief statistical officer Vinaykumar Awate told PTI.
Q-11- ICICI Lombard ceases to be ICICI Bank subsidiary post Bharti AXA merger due to bank’s shareholding reducing from ______________________ .
- 51 per cent to 48 per cent
- 51.55 per cent to 48.08 per cent
- 51.86 per cent to 48.08 per cent
- 51.96 per cent to 48.01 per cent
Option-3 bank’s shareholding reducing from 51.86 per cent to 48.08 per cent.
Q-12- Which of the main objective of the guidance document on product structure for Cyber Insurance is
- to facilitate insurers in developing stand-alone cyber insurance products, specifically designed to address the evolving cyber risks.
- to provide a set of recommendations on maximum possible coverages that could be included in the cyber insurance products.
- to encourage insurers to adopt best practices and provide additional covers in response to customer needs.
- to improve the development of the cyber insurance market with new products and enhance benefits for policyholders.
- All above
Option-5 All above are the objectives of IRDAI’s guidance document on Product structure for Cyber Insurance.
Q-13- Recently LIC launched new Insurance cum investment policy named
- Jeevan Rekha
- Jeevan Shanti
- Jeevan Saath
- Jeevan Ujwal
Option-2 Recently LIC launched new Insurance cum investment policy named ‘Jeevan Shanti’.
Q-14- LIC Jeevan Shanti policy suits to those investors who have ______risk appetite.
- No
- Low
- High
- Moderate
Option-2 LIC Jeevan Shanti policy suits to those investors who have low risk appetite.
Q-15- Under LIC’s Jeevan Shanti policy, in case of deferred annuity plan, the money grows around ___________ with the passé of time.
- 4 per cent per annum
- 5 per cent per annum
- 6 per cent per annum
- 7 per cent per annum
Option-3 Under LIC’s Jeevan Shanti policy, in case of deferred annuity plan, the money grows around 6 per cent per annum with the passé of time.