axondendriteplus/IC38-Insurance-Marketing-Firm-Questions huggingface dataset:
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
Correct answer: 1
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
Correct answer: 4
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
Correct answer: 3
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
Correct answer: 2
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
Correct answer: 2
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
Correct answer: 1
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
Correct answer: 4
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
Correct answer: 2
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
Correct answer: 1
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
Correct answer: 1
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
Correct answer: 4
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
Correct answer: 1
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
Correct answer: 3
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
Correct answer: 4
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
Correct answer: 2
Question: Identify the true statement I. Critical illness policies are usually available for persons in the age group of 21 years to 65 years. II. The sum insured offered under these policies is quite low. 
1. Only I is true
2. Only II is true
3. Both I and II are true
4. Both I and II are false
Correct answer: 1
Question: Which of the following is an example of package policy? I. Health plus life combi product II. Shopkeepers policy III. Householder's policy
1. Only I
2. I and II
3. II and III
4. I, II and III
Correct answer: 3
Question: What is the free look in period for health insurance policies
1. 15 days
2. 20 days
3. 30 days
4. 45 days
Correct answer: 1
Question: A Life Assurance Company paid the Treatment Costs to the Insured, During the Event of Hospitalisation of the Insured, During the Policy-Term. This is an Example of --. 
1. Survival-Benefit Payments
2. Surrender-Value
3. Rider-Benefit
4. Conditional Assignment
Correct answer: 3
Question: Ms. Kavita purchases a Critical Illness (C. I. ) Rider, along with, a Term Assurance Plan, from ABC Insurance Company. How Will, the Company ascertain the Claim for the Critical Illness (C. I. ) Rider? Choose the Most Appropriate Option. 
1. Claim will be ascertained, as per the Conditions, stipulated in the Policy. 
2. Claim will be ascertained, based on the Dates, which are determined, at the Beginning of the Contract, it-self. 
3. Claim will occur, when the Policy-Holder decides to cancel the Contract. 
4. Claims will be ascertained, based on the Medical and Other Records, provided by the Policy-Holder, in Support of Her Claim. 
Correct answer: 4
Question: What type of information is included in the medical questionnaire required in case of adverse medical history in the proposal form
1. PAN Number
2. Personal bank details
3. Detailed information on diseases such as Diabetes, Hypertension, Chest pain or Coronary Insufficiency or Myocardial Infarction
4. Details of any other insurance with other insurer
Correct answer: 3
Question: What information does the insurer consider when deciding to accept a proposal
1. Details of the insured
2. Details of the subject matter
3. Previous history of insurance and claim experience
4. All of the above
Correct answer: 4
Question: What does UIN in Health Insurance Stand for
1. The unique identification number of the policy document
2. The unique identification number of the insurer
3. The unique identification number of the product
4. The unique identification number of the policyholder
Correct answer: 3
Question: What is a condition in an insurance contract
1. It is a provision in the contract that can be changed at any time
2. It is a provision in the contract that outlines the rights of the policyholder
3. It is an optional provision that may or may not be included in the agreement. 
4. It is a provision in the contract that forms the basis of the agreement
Correct answer: 4
Question: Which of the following statements about conditions in an insurance policy is true
1. A breach of condition makes the policy voidable at the option of the insured
2. A breach of condition makes the policy voidable at the option of the insurer
3. They are not important in determining the basis of the agreement
4. They are optional provisions in an insurance contract
Correct answer: 2
Question: What is an endorsement in insurance policy
1. A document attached to the policy that covers all perils and exclusions
2. A document that specifies the standard terms and conditions of the policy
3. A document that sets out changes or amendments to the policy
4. A document that provides additional coverage to the policy
Correct answer: 3
Question: Identify the true statement I. Health plus life combi products are jointly designed by the two insurers and marketed through the distribution channels of both insurers II. For health plus life combi products, the claims are handled by the insurers jointly
1. Only I is true
2. Only II is true
3. Both I and II are true
4. Both I and II are false
Correct answer: 1
Question: What are the benefit payout provided under 'Critical Illness cover'?
1. Actual medical expenses incurred due to hospitalization
2. A fixed sum per day for the period of hospitalization
3. Payout on occurrence of a pre-defined critical illness like heart attack, stroke, cancer etc
4. All of the above
Correct answer: 3
Question: Hospital daily cash policy provides towards benefits: I. Incidental expenses II. Expenses not payable under the indemnity policy III. Expenses non payable under Co-pay
1. Only I
2. I and II
3. II and III
4. I, II and III
Correct answer: 2
Question: ABC Insurance Company assumes a high interest rate in their premium calculations. This mean that:
1. Premium charged will be higher
2. Premium charged will be lower
3. Premium charged will remain unchanged
4. Premium charged will fluctuate wildly
Correct answer: 2
Question: Which of the following health insurance products is a fixed benefit plan for payout on occurrence of a pre- defined critical illness like heart attack, stroke, cancer etc. ?
1. Indemnity cover
2. Fixed benefits cover
3. Critical Illness cover
4. All of the above
Correct answer: 3
Question: What are the two broad categories of health insurance products
1. Home care covers and personal accident covers
2. Indemnity covers and hospital cash (fixed benefit) covers
3. Dental covers and critical illness covers
4. Out-patient covers and travel covers
Correct answer: 2
Question: Which category of health insurance products constitutes the bulk of the health insurance
1. Indemnity covers
2. Home care covers
3. Personal accident covers
4. Hospital cash (fixed benefit) covers
Correct answer: 1
Question: What is the other name for Fixed benefit covers
1. Out-patient covers
2. Travel covers
3. Dental covers
4. Hospital cash
Correct answer: 4
Question: Which of the following is true regarding long term health products offered by Life Insurance Companies
1. Premium for such products shall remain unchanged for at least a period of every block of four years
2. Premium for such products shall remain unchanged for at least a period of every block of two years
3. Premium for such products shall remain unchanged for at least a period of every block of three years
4. Premium for such products shall remain unchanged for at least a period of every block of five years
Correct answer: 3
Question: What is the minimum size of a Group for which Group Health Insurance Policy can be issued
1. 3
2. 5
3. 9
4. 7
Correct answer: 4
Question: What is the maximum tenure for Credit Linked Group Personal Accident policies offered by General Insurers and Health Insurers
1. 5 years
2. 1 year
3. 2 years
4. 3 years
Correct answer: 1
Question: What is the provision in case an insured has taken health policies from multiple insurance companies that provide fixed benefits
1. The insurance companies will split the claim payment evenly
2. Each insurance company will make claim payments independently according to their policy's terms and conditions
3. The insured must choose one policy to use for all claim payments
4. The insured must provide proof of which policy they want to use for each claim
Correct answer: 2
Question: What is the purpose of IRDA Guidelines on Standardization in health insurance
1. To provide more confusion among insurers and customers
2. To make it difficult for customers to compare products and take a considered decision
3. To remove the confusion among insurers, service providers, TPAs, and hospitals
4. To limit the number of health insurance providers in the market
Correct answer: 3
Question: What types of insurance products do the IRDA guidelines on standardization in Health Insurance apply to
1. All insurance product
2. All health insurance products, including PA and Domestic/Overseas travel
3. All health insurance products, excluding group policies
4. All general and health insurance products, excluding PA and Domestic/Overseas travel - Indemnity based health products Offered by general / health insurers
Correct answer: 4
Question: What is the purpose of a Hospitalization indemnity policy
1. To only provide coverage for expenses before and after hospitalization
2. To indemnify the policyholder by covering expenses during hospitalization
3. To provide coverage for all medical expenses
4. To exclude expenses related to hospitalization
Correct answer: 2
Question: What is the minimum prescribed period of hospitalization after which the policy provisions come into force
1. 24 hours
2. 12 hours
3. 36 hours
4. 48 hours
Correct answer: 1
Question: Which of the following procedures are covered under the policy
1. Dental procedures
2. Eye surgeries
3. Cosmetic surgeries
4. None of the above
Correct answer: 2
Question: Which of the following statements is true about the indemnity based Mediclaim policy
1. The policy does not cover infants
2. The policy does not cover Sr. Citizen
3. The policy does not cover expenses related to hospitalization
4. The policy covers only inpatient hospitalization expenses
Correct answer: 4
Question: What are Post hospitalization expenses
1. Expenses incurred during hospitalization
2. Expenses incurred after hospitalization
3. Expenses incurred before hospitalization
4. Expenses not covered by insurance
Correct answer: 2
Question: What is the duration of cover for Pre and Post hospitalization expenses
1. 60 days pre and 30 days post hospitalization
2. 90 days pre and 30 days post hospitalization
3. 30 days pre and 90 days post hospitalization
4. 30 days pre and 60 days post hospitalization
Correct answer: 4
Question: What is a family floater policy
1. Only the individual can be covered under this policy
2. Only the dependent family members can be covered under this policy
3. A policy that offers a single sum insured which floats over the entire family
4. None of the above
Correct answer: 3
Question: In a family floater policy, how is the premium calculated
1. Based on the age of the oldest member of the family
2. Based on the age of the youngest member of the family
3. Based on the sum insured chosen for each individual insured
4. None of the above
Correct answer: 1
Question: Why do insurance companies collect details of pre-existing diseases
1. To charge improper premiums
2. To exclude coverage for any future diseases
3. To provide free treatment for such diseases
4. To decide on accepting the proposal for insurance
Correct answer: 4
Question: What is a pre-existing disease
1. Any disease suffered by an insured person within 12 months prior to commencement of the policy
2. Any disease suffered by an insured person within 48 months prior to commencement of the policy
3. Any disease suffered by an insured person within 24 months prior to commencement of the policy
4. Any disease suffered by an insured person within 36 months prior to commencement of the policy
Correct answer: 2
Question: What is disease-specific capping in health insurance
1. A limit on the premium charged for policies covering certain diseases
2. A limit on the number of claims that can be made for a particular disease
3. A limit on the amount of coverage provided for specific diseases
4. A limit on the number of diseases that can be covered under a policy
Correct answer: 3
Question: What is co-payment in health insurance
1. The portion of the claim amount that the policyholder/insured has to bear
2. A separate policy taken by the policyholder to cover specific diseases
3. The percentage of the premium paid by the policyholder/insured
4. The amount deducted from the Sum Insured after every claim
Correct answer: 1
Question: Which of the following is a cost-sharing provision in a health insurance policy
1. Waiting period
2. Coverage for Day care procedure
3. Deductible/ Excess
4. Pre-policy check-up cost
Correct answer: 3
Question: Who bears the cost of a pre-policy medical check-up in a health insurance policy
1. Prospective client
2. Insurer
3. Government
4. Healthcare provider
Correct answer: 2
Question: What is a top-up cover in health insurance
1. A policy that covers only pre-existing conditions
2. A policy that covers only day-care procedures
3. A policy that provides cover for high sums insured over and above a specified amount
4. A policy that covers only accidents
Correct answer: 3
Question: What is the entry age for Elderly health insurance plans
1. 50 years
2. 55 years
3. 60 years
4. 65 years
Correct answer: 3
Question: What is the claim amount in a fixed benefit insurance plan
1. A fixed sum irrespective of the amount spent by the insured for the named treatment
2. The amount spent by the insured for the named treatment
3. A variable amount based on the severity of the ailment
4. No claim amount is given
Correct answer: 1
Question: What is the proof required to process a claim in a fixed benefit insurance plan
1. Detailed bills and invoices of the treatment
2. Proof of Hospitalization and coverage of ailment under the policy
3. Doctor's prescriptions and medical reports
4. None of the above
Correct answer: 2
Question: What is a critical illness policy
1. A policy that provides daily cash benefit to the insured person during hospitalization
2. A policy that provides a fixed sum on diagnosis of certain named critical illness
3. A policy that covers treatment costs for minor illnesses
4. A policy that covers only pre-existing conditions
Correct answer: 2
Question: What is the waiting period for Corona Kavach and Corona Rakshak
1. 90 days
2. 30 days
3. 15 days
4. 60 days
Correct answer: 3
Question: What is the maximum sum insured option available under Corona Rakshak
1. Rs. 1 lakh
2. Rs. 2. 5 lakh
3. Rs. 2 lakh
4. Rs. 1. 5 lakh
Correct answer: 2
Question: What is the lump sum benefit payable under the standard policy for vector-borne diseases on positive diagnosis requiring hospitalization for a minimum of 72 hours
1. 50% of the sum insured
2. 75% of the sum insured
3. 100% of the sum insured
4. 125% of the sum insured
Correct answer: 3
Question: What do Health plus Life Combo Products offer
1. Life insurance cover only
2. Health insurance cover only
3. Both life and health insurance covers
4. None of the above
Correct answer: 3
Question: What is the aim of Micro-insurance products?
1. To aim for the protection of high- income people from urban sectors. 
2. To aim for the protection of low- income people from rural and informal sectors. 
3. To aim for the protection of middle- income people from semi-urban sectors. 
4. To aim for the protection of people from developed sectors. 
Correct answer: 2
Question: Which of the following policies was launched by the Government to provide health insurance coverage for the below poverty line (BPL) families in association with insurance companies?
1. Ayushman Bharat Scheme
2. Rashtriya Swasthya Bima Yojana (RSBY)
3. Jan Arogya Bima Policy
4. Bima Kavach Yojana
Correct answer: 2
Question: What is the Sum Insured amount for Rashtriya Swasthya Bima Yojana (RSBY)?
1. Rs. 5, 00, 000
2. Rs. 1, 00, 000
3. Rs. 50, 000
4. Rs. 30, 000
Correct answer: 4
Question: Which of the following schemes was launched to achieve the vision of Universal Health Coverage (UHC)?
1. Ayushman Bharat Scheme
2. Money Back Scheme
3. Endowment Scheme
4. Bima Kavach Yojana
Correct answer: 1
Question: What is the premium amount for Pradhan Mantri Suraksha Bima Yojana (PMSBY)
1. Rs. 10/- per annum per member
2. Rs. 12/- per annum per member
3. Rs. 15/- per annum per member
4. Rs. 20/- per annum per member
Correct answer: 2
Question: What is the maximum sum insured provided for death under Pradhan Mantri Suraksha Bima Yojana (PMSBY)
1. Rs. 1 Lakh
2. Rs. 3 Lakh
3. Rs. 5 Lakh
4. Rs. 2 Lakh
Correct answer: 4
Question: Who can avail an Overseas Travel Insurance policy
1. Only Indian citizens travelling abroad for holiday
2. Only Indian citizens travelling abroad for business
3. Indian citizens travelling abroad for business, holiday or studies and employees of Indian employers sent on contracts abroad
4. Only employees of Indian employers sent on contracts abroad
Correct answer: 3
Question: What is the most common form of group health insurance
1. Individual policy
2. Group policy taken by employers covering employees
3. Personal policy
4. Family policy
Correct answer: 2
Question: From the below given age proof documents, identify the one which is classified as non-standard by insurance companies. 
1. School certificate
2. Identity card in case of defence personnel
3. Ration card
4. Certificate of baptism
Correct answer: 3
Question: Out of following underwriting methods the process of underwriting is speedy but the premiums may be relatively higher except
1. Medical underwriting
2. Non medical underwriting
3. Numerical rating method
4. Group insurance
Correct answer: 1
Question: Group insurance is underwritten mainly on _________________. 
1. Law of Uberrima fides
2. Law of Insurable interest
3. Law of averages
4. Law of mutual benefit
Correct answer: 3
Question: Which One of the Following Statements, is In-Correct, with Regard to Critical Illness (C. I. ) Rider? Choose the Most Appropriate Option. 
1. A Specified Amount is Paid, as per the Policy- Terms, in the Event of Diagnosis of a Critical Illness. 
2. The Illness should have been covered in the List of Critical Illnesses, specified by the Insurance Company. 
3. Critical Illness (C. I. ) Rider is an Example of the Claims, that may occur, during the Policy- Term. 
4. The Life Assurance Policy Contract Terminates, After the Rider-Payments are Made. 
Correct answer: 4
Question: Third-Party Administrators (T. P. A. s) are Regulated, by Which of the Following Bodies?
1. Life Insurance Council and General Insurance Council, Jointly. 
2. Insurance Regulatory and Development Authority of India (I. R. D. A. I. )
3. Insurance Brokers Association of India
4. Finance Ministry
Correct answer: 2
Question: Why is underwriting necessary
1. To create a large pool of risks for the insurance company
2. To prevent the insurance company from becoming insolvent
3. To accept all risks, regardless of premiums
4. To offer insurance at the lowest possible premium
Correct answer: 2
Question: Which factor affects morbidity rates in health insurance
1. Financial status
2. Gender
3. Marital status
4. Educational qualification
Correct answer: 2
Question: What is moral hazard in health insurance
1. The physical hazards associated with a health risk
2. The cost associated with a health risk
3. The deliberate intention of taking insurance just to collect a claim
4. The risk assessment and pricing done by the underwriter
Correct answer: 3
Question: Which of the following statements is true about moral hazard in health insurance
1. It can prove costly to the insurance company
2. It refers to the physical hazards of a health risk
3. It has no impact on the insurance company
4. It can be beneficial to the insurance company
Correct answer: 1
Question: Insurers charge lower premiums for which of the following risk types
1. Standard risks
2. Substandard risks
3. Preferred risks
4. Declined risks
Correct answer: 3
Question: Who plays a critical role in primary underwriting
1. Underwriter
2. Agent or Company representative
3. Policyholder
4. Insurance broker
Correct answer: 2
Question: Before issuing a policy, the specific consent of the policyholder for any underwriting loading charged over and above the premium must be obtained. This regulation is for the benefit of
1. The insurance company
2. The regulator
3. The policyholder
4. The insurance agent
Correct answer: 3
Question: When can porting be done
1. Anytime during the policy period
2. Only at the time of policy issuance
3. Only after a break in the policy
4. Only at the time of policy renewal
Correct answer: 4
Question: Who should the insured make a request for porting to
1. The new insurer
2. The old insurer
3. IRDAI
4. Any insurance agent
Correct answer: 2