marketing knowledge questions and answers

1) If the license of an agent has been disqualified by a designated / authority in 2010 then the person can apply for a license in which year : 2015

2) Which of the following can’t be ducted under section 80 c from taxable income? Employee Gratuity Fund

3) Who has the authority in insurance company to issue/cancel the agents license? Designated officer

4) The face of the life insurance industry in India is ……….. : Life Insurance  Council

5) The charges were not fully disclosed to the customers is a common complaint against………… : Agent

6) How many offices of Ombudsmen the Government body has set up to Resolving insured customer’s grievances : 12 Ombudsman Offices

7) In term insurance if Critical illness rider claim happens then what will happen to existing policy?  C I benefit will cease

8) payment of premium and sum assured are laid down in : Operative Clause

9) If a person want to maintain emergency funds the best place is a bank or Debt Mutual Funds

10) In which of the following Bank pays the interest in the deposit’s fund on monthly / quarterly / half  yearly / yearly basis as chosen by depositor fund : Traditional Deposits

11) The agents duties and responsibilities ends : Maturity Claim ends

12) Ashish is looking at different plans    of insurance for protection at the lowest premium. Which is the best plan for him? term Plans

13) The insurance ombudsman has been appointed to protect the interest of…… : Policy holders

14) A person suffering from lung cancer is a smoker. Here smoking can be termed as : Risk

15) Jyoti is submitting is copy of permanent account number card as age proof for buying an money back plan. her age consider as a : Permanent Account Number

16) Payment/ investments in Kishan Vikas Patra under post office shemes is done : Lump Sum for fixed period of time

17) Who act as intermediary by offering a trading platform for buying and selling of shares? Bombay Stock Exchange

18) Kamal is willing to pay 60,000/- per annum for his ULIP policy. What should be the SA in case he wants to avail the tax benefits : 3 Lacs

19) Ramesh bought an endowment plan for tern year he pays the same Amount in every year is called : Level Premium

20) After maturity in a Linked Life Insurance Policy, customer does not get received Maturity in a lump sum. What is the possibility of receiving it in installment if it is not a annuity plan : Settlement Option

21) The general need for purchasing a health insurance plan at an early age results from which of the following factors? The premium with increasing age

22) Which one of the following is not a benefit of persistency? Decreased Revenues

23) When sales targets reduced. Churning will : Decrease



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