Insurance MCQ Questions and Solutions with Explanations | Commerce

A. If the hospitalization is to a non-network hospital

B. Emergency hospitalization

C. Both A & B

D. None of the three

A. Investment linkage

B. Transparency

C. Unbundling

D. All of the above

A. The insurance company will issue a duplicate policy without making any changes to the contract

B. The insurance contract will come to an end

C. The insurance company will issue a duplicate policy with renewed terms and conditions based on the current health declarations of the life insured

D. The insurance company will issue a duplicate policy without making any changes to the contract, but only after a court order

A. Principal sum of money

B. Investment period

C. Rate of return

D. Duration of annuity payments

A. 5 inpatient beds in towns with a population of < 10 lakh and 10 beds in other places

B. Qualified medical practitioner round the clock

C. Fully-equipped operation theatre

D. Daily records of patients to be maintained

A. Savings benefit

B. Death benefit

C. Maturity benefit

D. Bonus benefit

A. In a non-medical case, risk cannot be assessed in the absence of medical report

B. Risk assessment is possible in a non-medical proposal

C. More than 90% of people who submit proposals on their lives are accepted at ordinary rates

D. In preferred lives, the level of anticipated mortality is likely to be lower than even standard lives

E. In preferred lives, the level of anticipated mortality is likely to be lower than even standard lives

A. To assess the risk for rating purposes

B. To find out how the insured purchased the property

C. To find out whether other insurers have also inspected the property

D. To find out whether neighboring property also can be insured

A. Inertia

B. Large numbers

C. Large groups

D. None of the above

A. To accept with extra premium

B. To reject proposal

C. Lien

D. To accept at an ordinary rate