81. Which of the below statement is correct?
82. In order for the policy to acquire a guaranteed surrender value, for how long must the premium be paid as per law?
83. What will happen if the policy holder does not pay the premium by the due date and dies during the grace period?
84. Amrita is pregnant. She has applied for a term insurance cover. WHICH of the below option will be the best option to choose for an underwriter to offer insurance to Amrita? Choose the most likely option.
85. Mahesh has brought a life insurance policy with a critical illness rider. He has made absolute assignment of the policy in favor of khan. Mahesh suffers a heart attack and there is a claim of Rs.50,000 under the critical illness rider. To whom will the payment be made in this case?
86. Given below is a list of document to be submitted for a normal death claim by all beneficiaries in the event of death of life insured. Pick the odd one out which is additionally required to be submitted only in case of death by accident.
87. Agent’s license is to be renewed _________
88. _________ is the fees payable to the authority for issue / renewal of license to act as an insurance agent or composite insurance agent.
89. If an agent is found guilty of criminal misappropriation the designated person will _________ ,_________
90. The key to successful closing lies helping the prospect to say _________
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