Insurance MCQ Questions and Solutions with Explanations | Commerce

A. When the life insured dies of a critical illness

B. When the insured is diagnosed with critical illness

C. When the life insured is diagnosed with a illness not covered under the policy

D. When the life insured assigns his critical illness rider benefit also in favour of assignee

A. Ceases

B. Dies

C. Cancelled

D. Continues

A. Sum insured

B. Sum insured less survival benefits paid already

C. Nothing is payable

D. Fund value

A. Sum insured

B. Sum insured less survival benefits paid already

C. Sum insured or fund value which is higher

D. Fund value

A. If a policyholder dies after maturity of a policy

B. If a policyholder dies during the term of policy

C. If a policyholder dies after surrendering a policy

D. If insured dies after Foreclosure of a policy

A. Acceptance of full sum insured

B. Accepting without any pre-condition

C. Rejection of a claim

D. Acceptance with health extra

A. When the insured survives the first 5 years

B. When the insured dies during policy term

C. When the insured is diagnosed with a critical illness

D. When the insured survives policy term

A. Early claim

B. Non-early claim

C. Both A & B

D. None of the above

A. One

B. Two

C. Three

D. Four

A. Insurers

B. Policyholders

C. Assignees

D. Nominees