Which one is the correct answer?
A.a. Display the service parameters and turnaround times in the website, which should be as per the approved Board Approved Policy.
B.b. Display the service parameters and turnaround times in the notice board only, which should be as per the approved Board Approved Policy.
C.c. Display the service parameters and turnaround times in the website, which should be as per the Internal Approved Policy.
The Bonus accrued to the policies, shall be informed to the policyholders.
A.a. at least once in a year
B.b. Once in 5 year
C.c. Never
D.d. At least twice in a year
The following records are to be maintained by the Insurers?
A.a. records of identity of clients
B.b. record of endorsements
C.c. record of assignments/transfer
D.d. none
E.e. a, b & c
Refund of proposal deposit is to be processed and paid within -------- ?
A.a. 30 days of receipt of request or last necessary document
B.b. 15 days of receipt of request or last necessary document Highlight to external parties
C.c. 45 days of receipt of request or last necessary document
What should we do if we come across any AML related suspicious case?
A.a. Keep to our self because AML team is responsible for this
B.b. Highlight suspicious case to compliance team at Compliance@maxlifeinsurance.com
C.c. Highlight to external parties
D.i. Both b & c
Timeline for submission of “statement of number of records to be uploaded on CKYCR” -
A.a. 7th April, every year
B.b. 7th of every month
C.c. 7th of every quarter end
Insurable Interest is not required to be established by the Insurers -
A.a. False
B.b. True
C.c. Only for NGO’s
D.d. Only for PEP’s
Policy ABDC1234 has been assigned to ABC Bank Ltd by the policyholder (Assignor). The benefits shall be entitled to ?
A.a. ABC Bank Ltd
B.b. Insurance Company only
C.c. Any relative of the Assignor
D.d. Assignor only
An applications has been received at 4:00pm, what would be the applicable NAV?
A.a. Closing NAV of any day of the week
B.b. closing NAV of the same day
C.c. closing NAV of the next business day
D.d. None of the above
The policyholders are provided with a facility to withdraw from the ECS mode ----------- prior to the due date of ECS submission.?
A.a. at least 15 days
B.b. 40 days
C.c. at least 30 days
D.d. None of the above
