Free Mock Test IC 11 Practice of General Insurance
Free Mock Test IC 11 Practice of General Insurance for Licentiate /Associate Exam of Insurance Institute of India
1 / 20
Insurers follow two premium insurance styles: Asset Liability Management and ________?
2 / 20
The Chain Ladder format is also known as _______?
3 / 20
IBNR stands for what?
4 / 20
A subrogation claim is recovered from the Third Party and/or which other party?
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ABC building is insured for Rs. 12 crore and the Machinery for Rs. 3 crore. The true values are Rs. 18 crore and Rs. 4 crore respectively. There is a serious fire and the building suffers damage to the tune of Rs. 10 crore and the machinery, Rs. 3.6 crore. What is the payable claim amount?
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The responsibility on proving the claim is covered rests with _____?
7 / 20
___________ cannot become corporate agent.
8 / 20
Broker represents:
9 / 20
Following is required in insurance agency career for achieving success:
10 / 20
____________ is collaboration between banks and insurers to distribute insurance products.
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Insurance brokers are licensed by:
12 / 20
A customer having complaint regarding his insurance policy can approach IRDA through
13 / 20
One of the methods of reducing insurance cost of an insured is ______
14 / 20
Select the correct statement:
15 / 20
Group PA usually given to groups like banks, society covers for
16 / 20
If the accident results in loss of limb and loss of life, Insurer pays for
17 / 20
Premium calculation depends on various factors like
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In the event of .................. a fixed percentage of SI is paid as compensation
19 / 20
Personal Accident insurance helps to protect the insured from financial losses arising as a result of accident due to
20 / 20
In shopkeeper’s insurance, which of the following are not covered?
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