Q1.

Which of the following statements does not apply to Direct Marketing in life  
insurance ?
Sourcing the business through agent advisors

Contract is concluded between the insurance companies and insured with no

middlemen.
E sales refers to sales of insurance product through internet where no intermediaries
are involved
The Insurance companies can sell the products much cheaper as no intermediary
commissions are eliminated
Q2. Which of the following is not a type of life insurance product  
Health insurance

Whole life policy

Term insurance

Pension and Savings plans

Q3. Agent who is a licensed intermediary is actually is ?  

A legal person to act on behalf of the re-insurer

A legal person to act on behalf of the insurer

A legal person to act on behalf of the contract

An authorized agent to act on behalf of the legal co.

Q4. Mr. Mahesh is a software engineer. He has taken a term insurance for Rs.  
3000000/- for 30years. This is an example for
Risk retention

Risk transfer

Risk avoidance

Risk tolerance

Q5. What is the maximum cover that can be provided in microinsurance?  

5000

10000

50000

100000

Q6. If Hema takes a policy to whom she transfers the risk?  

 agent

IRDA

insurance company

none of the above

Q7. Mr. Varun who owns a multi chain company would like to take an insurance.  
What will be the bestoption for him from the following ?
He can take Surety insurance

He can take Business Partner insurance

He can take Key man Insurance

He Can take company insurance

Q8. Benefit of a professional insurance market is/are:  

Need based selling � customer will be sold a product that meets his need

Client can get the smart agents who know how to sell insurance quickly

Insurance agents can exploit business from a large market

The employees working for a life insurance company are professional.

Q9. Rakesh recently bought a health insurance policy and a personal accident policy.  
What main section(s) of the insurance market do these products normally fall
into
Life insurance in both cases

Life insurance for health and non-life insurance for personal accident.

Non-life insurance in both cases

Non-life insurance for health and life insurance for personal accident.

Q10 The first insurance company to transact life insurance business in India was  
.
Oriental Life Insurance Company

Bombay Mutual Life Insurance Co

Empire of India

Madras Equitable