Insurance Basics

The business of Life Insurance is considered to be

Which of the following is NOT a part of the Five Essentials in a Life Insurance Contract?

Which of the following does not apply to a Life Insurance Contract?

Breach of Utmost Good Faith arises due to_______________.

Age, Height, Weight & Build would fall under which part of Underwriting

A husband taking a policy on wife, without having a policy on his own might be declined basis

The person who takes a decision to grant Insurance

IRDA is a

What are the factors affecting Risk on the life of an individual called?

What hazards does the factors of Age, Build, Personal History and Family History indicate?

The hazards/ risks that are related to one’s particular job are known as

A large amount of insurance proposed on the life of a family member while the main earning member is not insured or insured for a relatively small amount.This represents

When a Proposer nominates his friend or a neighbor. The Lack of Insurable Interest indicates

Life insurance is an insurance cover taken for a human life.