MEDIUM
IBPS Clerk Mains
IMPORTANT
Earn 100
An actuary is expected to:
50% studentsanswered this correctly
Important Questions on Past Years Mcqs of LIC, IBPS and Other Exams
MEDIUM
IBPS Clerk Mains
IMPORTANT
The principle of _____ ensures that an insured does not profit by insuring with multiple insurers.
EASY
IBPS Clerk Mains
IMPORTANT
The principle of average applies when the value is _____ in the proposal.
MEDIUM
IBPS Clerk Mains
IMPORTANT
CTL as used in insurance:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Which of the following terms matches closest with 'Family Floater'?
EASY
IBPS Clerk Mains
IMPORTANT
Which of the following terms is dissimilar to the other four options?
MEDIUM
IBPS Clerk Mains
IMPORTANT
In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer's office, he is acting as an agent _____.
MEDIUM
IBPS Clerk Mains
IMPORTANT
A policy where the policyholder makes a one-time payment of premium is known as a:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Which of the following is an important reason for insurers to sell life insurance policies through agents?
