The term 'Risk' includes:

Important Questions on Past Years Mcqs of LIC, IBPS and Other Exams

MEDIUM

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 133

Which of the following intermediaries do not require IRDA's licence/approval to operate in India?

MEDIUM

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 134

An actuary is expected to:

MEDIUM

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 135

The principle of _____ ensures that an insured does not profit by insuring with multiple insurers.

EASY

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 136

The principle of average applies when the value is _____ in the proposal.

MEDIUM

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 137

CTL as used in insurance:

MEDIUM

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 138

Which of the following terms matches closest with 'Family Floater'?

EASY

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 139

Which of the following terms is dissimilar to the other four options?

MEDIUM

IBPS Clerk Mains

IMPORTANT

Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 140

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 _____.