axondendriteplus/IC38-Corporate-Agent-Questions huggingface dataset:
Category: Health
Question: Expections stated under Section 59 of the Insurance Rules 1939 for advance payment of premium. 
1. No risk to be assumed unless premium is received in advance
2. Insurance cannot be sold on credit basis in India
3. Accepting premiums in instalment in respect of Sickness Insurance, Group Personal Accident Insurance, Medical Benefits Insurance and Hospitalisation Insurance Schemes subject to certain conditions
4. None of the above
Answer: option 3
Category: Health
Question: Which One of the Following Statements, isIn-Correct, with Regard to Numerical Rating Method of Underwriting?
1. Under this Method, Underwriters assign the Positive Rating-Points for All Negative or Adverse Factors. 
2. Under this Method, Underwriters assign the Positive Points for Any Positive or Favourable Factors. 
3. Under this Method, the Total Number of Points, so assigned, will decide How Much Extra- Mortality-Rating (E. M. R. ), it has been given. 
4. Under this Method, if the Extra-Mortality- Rating (E. M. R. ) is Very High, Insurance may even be declined. 
Answer: option 2
Category: Health
Question: Which One of the Following Statements, isIn-Correct, with Regard to Judgement Method of Underwriting?
1. Under this Method, Subjective Judgement is used. 
2. This Method is especially used in Case of Complex Cases. 
3. In this Method, the Company may seek Expert Opinion of Medical Doctor. 
4. In this Method, the Underwriter assign Positive or Negative Rating-Points to the Adverse Factors. 
Answer: option 4
Category: Health
Question: Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk- Acceptance by the Insurance Company?
1. Risk will be Accepted at Ordinary Rates. 
2. Risk will be Accepted With an Extra, Over the Tabular Rate of Premium. 
3. Risk will be Accepted, With a Lien on Sum- Assured. 
4. Risk will be Accepted, With a Restrictive Clause. 
Answer: option 1
Category: Health
Question: If, Mr. Brijesh, a 40-Years' Old Individual, is perceived as a 'Sub-Standard Risk', by the Insurance Company, then, Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
1. Risk will be Accepted at Ordinary Rates. 
2. Risk will be Accepted at Lower Rates. 
3. Risk will be Accepted With an Extra, Over the Tabular Rate of Premium. 
4. Risk will be Declined. 
Answer: option 3
Category: Health
Question: What is meant by 'Risk-Classification'? Choose the Most Appropriate Option. 
1. The Process, in which, Individual Lives are Categorised and Assigned to Different Risk-Classes, Depending on the Degree of Risks, they Pose. 
2. The Tendency of People, Who suspect or know that, their Chance of Experiencing a Loss is High, to seek-out the Insurance, Eagerly; and to gain in the Process. 
3. The Process of Evaluating Each Proposal for Life- Assurance in Terms of the Degree of Risk, it represents; and then Deciding: Whether or Not to Grant the Insurance, and on What Terms. 
4. The Process, in which, the Applicants, Who are Exposed to Similar Degrees of Risk, are Placed in the Same Premium- Class. 
Answer: option 1
Category: Health
Question: Mr. Nimesh bought a 20-Years' Unit-Linked Insurance Plan (U. L. I. P. ). In the Event: Mr. Nimesh dies, Within the Policy-Term, Which of the Following, will be paid?
1. Surrender-Value will be paid. 
2. Premiums paid will be Returned, After Deducting the Dues. 
3. Lower of Sum-Assured or Fund-Value, will be paid. 
4. Higher of Sum-Assured or Fund-Value, will be paid. 
Answer: option 4
Category: Health
Question: In Case of Presumption of Death of Life-Assured, Which One of the Following Documents, needs to be submitted, by the Nominee?
1. Death-Certificate from Municipal Corporation. 
2. Decree from a Competent Court. 
3. Employer's Certificate
4. Inquest-Report
Answer: option 2
Category: Health
Question: Mr. Brijesh purchased a 20-Years' Unit-Linked Insurance- Plan (U. L. I. P. ), from ABC Insurance Company. If Mr. Brijesh Dies, Before the Maturity of the Policy, then Insurance Company will have to pay --. 
1. Surrender-Value
2. Premiums, After Deducting the Dues. 
3. Lower of Sum-Assured or Fund-Value. 
4. Higher of Sum-Assured or Fund-Value. 
Answer: option 4
Category: Health
Question: Which One of the Following Claims, can be Payable, Only to the Assignee or Nominee?
1. Death-Claim
2. Maturity-Claim
3. Survival-Benefit
4. Surrender-Value
Answer: option 1
Category: Health
Question: Which One of the Following Documents, needs to be submitted, by the Nominee, in the Event of Natural Death of the Life-Assured? Choose the Most Appropriate Option. 
1. Inquest Report
2. Death-Certificate
3. Post-Mortem Report
4. First Information Report (F. I. R. )
Answer: option 2
Category: Health
Question: On payment of claim, the life insurance policy-
1. Can be reinstated on payment of pro-rata premium
2. Stands cancelled
3. Automatically terminates
4. Continues till the end of the policy period
Answer: option 3
Category: Health
Question: On payment of claim, the individual fidelity guarantee policy-
1. Can be reinstated on payment of pro-rata premium
2. Stands cancelled
3. Automatically terminates
4. Continues till the end of the policy period
Answer: option 3
Category: Health
Question: Arbitrators appoint ________________who presides the meeting. 
1. A President
2. A Chairman
3. An Umpire
4. A Judge
Answer: option 3
Category: Health
Question: Dispute relating to question of liability are to be settled through __________________. 
1. Arbitration
2. Communication
3. Litigation
4. Understanding
Answer: option 3
Category: Health
Question: You are an insurance agent. Mr. Mahesh has approached you as a customer to buy some insurance. You hear from friends that Mr. Mahesh is involved in sale of pirated goods and all the resultant cash is invested in buying life insurance. What should you do?
1. Concentrate on completing the sale and securing commission
2. Report suspicious transaction along with all the information you have about Mr. Mahesh
3. Blackmail Mr. Mahesh and try to get some monetary benefits out of him
4. Keep mum about the transaction
Answer: option 2
Category: Health
Question: Important information that a prospectus discloses includes: I. Any incentives to reward policyholders for early entry II. Any incentives to reward policyholders for continued renewals III. Any incentives to reward policyholders for favourable claims experience
1. Only I
2. I and II
3. II and III
4. I, II and III
Answer: option 1
Category: Health
Question: If Complex Language is used to word a Certain Policy- Document, and it has given Rise to an Ambiguity, How Will it generally be construed?
1. In Favour of the Insured. 
2. In Favour of the Insurer. 
3. The Policy will be declared as Void, and the Insurer will be asked to Return the Premium, With Interest, to the Insured. 
4. The Policy will be declared as Void, and the Insurer will be asked to Return the Premium, to the Insured, Without Any Interest. 
Answer: option 1
Category: Health
Question: Which of the Following, isNota Part of a Standard Policy- Document?
1. Policy Schedule
2. Standard Provisions
3. Policy-Specific Provisions
4. Policy Forfeiture Provisions
Answer: option 4
Category: Health
Question: Gives us, an Example of a Standard Policy-Provision. 
1. A Clause, Precluding the Death Due to Pregnancy, for a Lady, Who is Expecting at the Time of Writing the Contract. 
2. Suicide Clause
3. A Clause, Precluding Certain Illnesses. 
4. A Clause, Granting Certain Privileges to the Policy-Holder. 
Answer: option 2
Category: Health
Question: Which of the below statement/statements is/are true with regard to a proposal form? A) The proposal form can be filled in by the proposer in written or electronic format. B) The proposal form contains the details of imsurance cover, warranties, terms and conditions. C) The insurer can decide whether to accept or reject the proposal for insurance based on the information in proposal form. 
1. A & B
2. A & C
3. Only C
4. All of them
Answer: option 2
Category: Health
Question: Declaration of the proposer in the proposal form converts _____________________________of Utmost Good Faith to __________________________ of Utmost Good Faith. 
1. Legal Duty, Common Law Principle
2. Contractual Duty, Common Law Principle
3. Common Law Principle, Contractual Duty
4. Common Law Principle, Legal Duty
Answer: option 3
Category: Health
Question: Which of the following is not a contributor towards Customer Lifetime value
1. Historical
2. Present
3. Potential
4. Speculated
Answer: option 4
Category: Health
Question: Which of the following is NOT an example of non verbal communication?
1. Signaling okay with a hand gesture
2. Gesturing in an empty room
3. Wearing jewelry
4. Raising your voice
Answer: option 2
Category: Health
Question: The ability to perform the promised service dependably and accurately, can be termed as _________
1. Tangible
2. Reliability
3. Assurance
4. Responsiveness
Answer: option 2
Category: Health
Question: The knowledge, competence and courtesy of service providers and their ability to convey trust and confidence, can be termed as _________
1. Reliability
2. Assurance
3. Responsiveness
4. Tangible
Answer: option 2
Category: Health
Question: Select the Correct Statement, with Regard to Grace- Period. Choose the Most Appropriate Option. 
1. The Standard Length of the Grace-Period is 1 Month or 31 Days. 
2. The Standard Length of the Grace-Period is One Quarter. 
3. The Standard Length of the Grace-Period is One Week. 
4. The Standard Length of the Grace-Period is One Fort-Night. 
Answer: option 1
Category: Health
Question: Potential Value means-
1. The value of premiums that is arrived at by persuading the customer to buy additional products
2. Future premiums that may be expected to be received if existing business is retained
3. The value of premiums that could be derived by persuading the customer to buy additional products
4. Future premiums that is expected to be received if existing business is retained
Answer: option 3
Category: Health
Question: Elements of Trust are A) Communication, B) Attraction, C) Belief, D) Presence
1. A & B
2. A, B & C
3. A, C & D
4. A, B & D
Answer: option 4
Category: Health
Question: ____________ is the most important step in sales process. 
1. Interview
2. Prospecting
3. Handling objections
4. Closing the sale
Answer: option 2
Category: Health
Question: An agent need not recommend insurance in certain situations. One of the situation can be-
1. Where the prospect is interested in reducing the cost of handling the risk. 
2. When the risk involved is non-insurable. 
3. Where the risk involved can be managed by means other than insurance. 
4. All of the above
Answer: option 3
Category: Health
Question: When is a cover note issued to proposer?
1. When the underwriting process is complete and policy is issued
2. When the negotiations for insurance are in progress and policy document is prepared
3. When the underwriting process is complete and policy not is issued
4. When the negotiations for insurance are in progress and policy document is issued
Answer: option 3
Category: Health
Question: During which period, insurance policy can be returned and refund of premium obtained?
1. Coverage period
2. Free Look Period
3. Waiting Period
4. Grace Period
Answer: option 2
Category: Health
Question: If the policy is being purchased electronically, it is agent's duty to-
1. Help the customer to open e-Insutance Account through registered insurance repository
2. Help the customer to register for e- Insurance Policy with OTP through registered insurance repository
3. Help the customer to open e-vault for Insurance Policy through registered insurance repository
4. Help the customer to generate e- Insurance Policy through registered insurance repository
Answer: option 1
Category: Health
Question: The customer has choice to continue with same insurer or to switch to another insurance company in following kind of policies:
1. Term Insurance Policy
2. Motor Third Party Policy
3. Endowment Policy
4. Unit Linked Insurance Policy
Answer: option 2
Category: Health
Question: Consumer protection Act. comprises of_________ quasi- judicial machinery
1. One-tier
2. Three-tier
3. Two-tier
4. Four-tier
Answer: option 2
Category: Health
Question: Which of the following statement is incorrect with regard to process of filing a complaint with a Consumer Court?
1. No one else other than the complainant himself / herself can file a complaint with the State or National Commission
2. There is no fee for filing a complaint with State Commission or National Commission
3. The complaint can be filed personally or can even be sent by post
4. No advocate is necessary for the purpose of filing a complaint
Answer: option 1
Category: Health
Question: If a policyholder wishes to file a complaint against any insurance company directly with State Commission, then in which of the following cases can he / she do so?
1. Where the value of goods/services and compensation claimed is up to Rs 20 lakh
2. Where the value of goods/services and compensation claimed exceeds Rs. 20 lakh but does not exceed Rs. 100 lakh. 
3. Where the value of goods/services and compensation claimed exceeds Rs. 100 lakh. 
4. Where the value of goods/services and compensation claimed exceeds Rs. 10 crores
Answer: option 2
Category: Health
Question: Which of the following statement is incorrect with regard to the State Commission?
1. This redressal authority has original, appellate and supervisory jurisdiction
2. It entertains appeals from the National Commission
3. It has original jurisdiction to entertain complaints where the value of goods/service and compensation, if any claimed exceeds Rs. 1Crore but does not exceed Rs. 10 Crore
4. No fees is charged to file a complaint with state commission
Answer: option 2
Category: Health
Question: Which of the following rules is incorrect with regards to the Award that can be passed by the Ombudsman?
1. The Award should be more than Rs. 50 lakh
2. The Award should be made within a period of 3 months from the date of receipt of complaint
3. The insurer shall comply with the Award and send a written intimation to the Ombudsman within 15 days of the receipt of such acceptance letter
4. If the insured does not intimate in writing the acceptance of such Award, the insurer may not implement the Award
Answer: option 1
Category: Health
Question: No one else in the insurance company has _____________ the client's problems as much as an agent does. 
1. ownership of
2. responsibility towards
3. duty towards
4. role in resolving
Answer: option 1
Category: Health
Question: In case where the complaint of a customer is not satisfatorily resolved, the complaint may be raised with-
1. Insurance Grievance Redressal Mechanism
2. Grievance Redressal Officer
3. Consumer Complaints Registration System
4. Integrated Grievance Management System
Answer: option 4
Category: Health
Question: IGMS stands for-
1. Insurance Grievance Management System
2. Integrated Grievance Management System
3. IRDAI Grievance Management System
4. Initial Grievance Management System
Answer: option 2
Category: Health
Question: Defect means-
1. Imperfection in the quality of product / service
2. deficiency in the nature of product / service
3. inadequacy in the manner of performance of the product
4. All of the above
Answer: option 4
Category: Health
Question: Consumer dispute redressal agencies are not established at-
1. National level
2. District level
3. City level
4. State level
Answer: option 3
Category: Health
Question: District Commission has the powers of ________________. 
1. High Court
2. Supreme Court of India
3. Small Causes Court
4. Civil Court
Answer: option 4
Category: Health
Question: Appeals against orders passed by State Consumer Disputes Redressal Commission are accepted for hearing at ______________. 
1. High Court
2. State Commission
3. Civil Court
4. National Commission
Answer: option 4
Category: Health
Question: Which Consumer dispute redressal agency is established by the Central Government?
1. State Commission
2. National Commission
3. District Commission
4. Both District & State Commission
Answer: option 2
Category: Health
Question: A complaint can be filed with the Consumer Dispute Redressal Agencies by-
1. The advocate
2. The agent authorised by the consumer
3. The Consumer or his authorised agent
4. Only the consumer
Answer: option 3
Category: Health
Question: The Ombudsman passes an award to insured within _________ from the date of receipt of all the requirements from the insured and insurer. 
1. 2 months
2. 15 days
3. 3 months
4. 1 month
Answer: option 3
Category: Health
Question: Corporates agents are regulated by _______________. 
1. Ministry of Corporate Affairs (MCA)
2. IRDAI
3. Government of India
4. SEBI
Answer: option 2
Category: Health
Question: Mukesh is the priciple officer of XYZ corporate agent. He is a fellow of CII, London. How may hours of theoretical & practicle training does he require
1. 25 hours
2. 50 hours
3. 60 hours
4. 75 hours
Answer: option 1
Category: Health
Question: According to new Corporate Agent Regulation an Applicant means
1. A company formed under the Companies Act 2013
2. A Co-operative Society registered under Co-operative Societies Act, l9l2
3. A limited liability partnership formed and registered under the Limited Liability Partnership Act, 2008
4. Any of the above
Answer: option 4
Category: Health
Question: The telemarketer of a Corporate Agent shall disclose to the prospective customer
1. The Name & Registration number of Corporate Agent. 
2. Contact number of the telemarketer and- /or corporate agent. 
3. Name and identification number of the person making the tele-call. 
4. All of the above. 
Answer: option 4
Category: Health
Question: All the statements given below related to Employees’ State Insurance Scheme are true EXCEPT:
1. This scheme was introduced for central government employees and provides comprehensive health services through a network of its own dispensaries and hospitals
2. ESIC (Employees State Insurance Corporation) is the implementing agency
3. All workers earning wages up to Rs. 15, 000 are covered under the contributory scheme
4. Employee and employer contribute 1. 75% and 4. 75% of pay roll respectively; state governments contribute 12. 5% of the medical expenses
Answer: option 1
Category: Health
Question: All the statements given below related to Central Government Health Scheme are true EXCEPT:
1. The Central Government Health Scheme (CGHS), which was introduced in 1954
2. The CGHS is only for the central government employees including pensioner and their family member working in civilian jobs
3. It aims to provide comprehensive medical care to employees and their families and is fully funded by the employer (central government)
4. The services are provided through CGHS’s own dispensaries, polyclinics and empanelled private hospitals. 
Answer: option 3
Category: Health
Question: All the options given below are lifestyle factors that determine the health of any individual EXCEPT:
1. Exercising
2. Eating within limits
3. Safe drinking water
4. Avoiding worry
Answer: option 3
Category: Health
Question: Which of the following is an example of communicable disease caused due to environmental factors like bad hygiene?
1. Influenza
2. Malaria
3. Dengue
4. Asbestosis
Answer: option 1
Category: Health
Question: Which of the following is an example of communicable disease caused due to environmental factors like bad hygiene?
1. Chickenpox
2. Malaria
3. Dengue
4. Asbestosis
Answer: option 1
Category: Health
Question: Which of the following factors are mostly in the control of an individual for maintaining good health
1. Social factors
2. Genetic factors
3. Environmental factors
4. Lifestyle factors
Answer: option 4
Category: Health
Question: Which diseases are spread due to bad hygiene and environmental sanitation
1. Cancer and AIDS
2. Hypertension and diabetes
3. Influenza and chickenpox
4. None of the above
Answer: option 3
Category: Health
Question: Does a country's social and economic progress depend on the health of its people
1. No, there is no relationship between the two
2. Yes, there is a direct relationship between the two
3. The relationship is indirect
4. The relationship is uncertain
Answer: option 2
Category: Health
Question: What is the main aim of healthcare services
1. To create more jobs for healthcare providers
2. To promote, maintain, monitor or restore health of people
3. To make healthcare facilities expensive
4. To make healthcare services difficult to access
Answer: option 2
Category: Health
Question: Which of the following statements is true regarding the setting up of healthcare facilities
1. Healthcare facilities should be based on the probability of the incidence of more severe illnesses like Hepatitis B
2. Healthcare facilities should be based on the frequency of less severe illnesses like cold and cough
3. Healthcare facilities should be based on the availability of nearest railway station
4. Healthcare facilities should be based on the investment capacity of healthcare providers
Answer: option 1
Category: Health
Question: Which of the following statements is true regarding secondary healthcare services
1. They are provided by primary care physicians
2. They are only available to inpatients
3. They are the first point of contact for patients within a health system
4. They include ambulance facilities and diagnostic services
Answer: option 4
Category: Health
Question: Which healthcare provider would Mr. Sagar most likely visit first if he is feeling sick
1. A specialist at a hospital
2. A primary healthcare provider
3. A dentist
4. A pharmacist
Answer: option 2
Category: Health
Question: Which of the following defines primary healthcare
1. Healthcare services provided by doctors, nurses and small clinics
2. Healthcare services provided by medical specialists
3. Specialized consultative healthcare
4. Ambulance services and pathology services
Answer: option 1
Category: Health
Question: Which health insurance scheme aims to provide comprehensive medical care to central government employees and their families
1. Central Government Health Scheme
2. Employees’ State Insurance Scheme
3. Commercial Health Insurance
4. None of the above
Answer: option 1
Category: Health
Question: Which section of the Income Tax Act allows individuals to deduct premiums paid towards Health Insurance from taxable income
1. Section 80 B
2. Section 80 C
3. Section 80 E
4. Section 80 D
Answer: option 4
Category: Health
Question: Which type of health insurance policy is allowed to be deducted from taxable income under Section 80 D of the Income Tax Act
1. Any health insurance policy
2. Only policies provided by the Government
3. Only policies provided by life insurers
4. Only policies provided by non-life insurers
Answer: option 1
Category: Health
Question: Which of the following statements is true about the development of health insurance in India
1. The first standardised health insurance product for individuals and their families in India was introduced in 2001 by private players in the insurance sector
2. The Central Government Health Scheme (CGHS) was introduced for blue-collar workers employed in the formal private sector
3. Employees’ State Insurance Scheme (ESIS) provides comprehensive health services through a network of its own dispensaries and hospitals for blue- collar workers employed in the formal private sector
4. Health insurance in India began with the introduction of commercial health insurance by non-life insurers in 1986
Answer: option 3
Category: Health
Question: Which of the following is not a type of private health care provider in India
1. Solo practitioners
2. Diagnostic laboratories
3. Corporate hospitals
4. Government clinics
Answer: option 4
Category: Health
Question: The following intermediary facilitates carrying out of pre-insurance medical examinations in connection with underwriting of the health insurance policies
1. Insurance Broker
2. Third Party Administrator
3. Surveyor and Loss Assessor
4. Reinsurance Broker
Answer: option 2