INSURANCE & FINANCE
A)
Key-Person Insurance
B)
Hospital Insurance
C)
Multi-Peril Insurance
D)
Renewable Term Insurance

Correct Answer : Option (A) - Key-Person Insurance

Note : Key person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two.

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A)
Hospital Insurance
B)
Renewable Term Insurance
C)
Social Insurance
D)
Group Insurance

Correct Answer : Option (B) - Renewable Term Insurance

Note : Renewable Term is a clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to re qualify for coverage.

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A)
Pension Policies
B)
Money back Policies
C)
Term Insurance Policies
D)
Unit Linked Investment Policies

Correct Answer : Option (D) - Unit Linked Investment Policies

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A)
Vesting date
B)
Cooling date
C)
Preferred date
D)
Bonus date

Correct Answer : Option (A) - Vesting date

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A)
Core Rate
B)
Policy Rate
C)
Penetration Rate
D)
Revenue Rate

Correct Answer : Option (C) - Penetration Rate

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A)
Endowment
B)
Annuity
C)
Bonus
D)
Term

Correct Answer : Option (B) - Annuity

Note : Annuity is an insurance product that pays out income to the holder at specified intervals usually after retirement. So if you want a steady supply of money after retirement apply for an annuity plan

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A)
Policy not in force
B)
Policy Unforced
C)
Policy Backed
D)
Policy in variance

Correct Answer : Option (A) - Policy not in force

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A)
Gurgaon
B)
Lucknow
C)
New Delhi
D)
Kolkata

Correct Answer : Option (D) - Kolkata

Note : Kolkata, West Bengal

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A)
Chennai
B)
Mumbai
C)
Gurgaon
D)
New Delhi

Correct Answer : Option (C) - Gurgaon

Note : Gurgaon, Haryana.

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A)
Gurgaon
B)
Chennai
C)
Lucknow
D)
New Delhi

Correct Answer : Option (A) - Gurgaon

Note : Gurgaon, Haryana.

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