11. Section 45 of Insurance Act, 1938 speaks about rejecting a claim after _________ of taking a policy.
12. In group insurance, risk of individuals is not assessed.
13. Which of the following statements are correct?
i. The sum assured under group insurance is not fixed by the individual member.
ii. A person whose proposal is declined under individual scheme can get insurance under group policy.
i. The sum assured under group insurance is not fixed by the individual member.
ii. A person whose proposal is declined under individual scheme can get insurance under group policy.
14. A policy can be surrendered only if it has acquired
15. Which actuarial aspect(s) are taken into account while fixing the premium?
I. Mortality
II. Interest assumption
III. Office expenses
I. Mortality
II. Interest assumption
III. Office expenses
16. Which of the following is not a phase in retirement planning?
17. While distributing surplus, care has to be taken for
18. While prospecting for selling insurance, approaching the members of a caste or community association will be classified under which of the following?
19. The limit of the National Consumer Disputes Commission is
20. Which of the following is not an element of the life insurance business?
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