B.Com. (Part III) (Semester (New CBCS) Examination, 2018
advanced insurance (Paper
Day and Date Friday, 7-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
N. B. All questions are compulsory.
Figures to the right indicate full marks.
1. Choose the correct alternative 14
The origin of Life Insurance is
India England America Italy
principle is not applicable to Life Insurance.
Utmost good Faith Subrogation
Indemnity All the above
Life insurance contract is in between
Two Insurance companies Two Persons
Insurance Company only Insurer and Insurance Company
Principle of utmost and faith is applicable to
Insurance Agent
Insurer
Insurer and Insurance Company
None of these
After payment of first Insurance Premium the insured receipt is called as
Cover note Renewal receipt
Proposal form None of these
is an instrument of distributing the loss of few among many.
Insurance Premium Insurance Co.
Insurers Insurance
After the death of Insurer, the amount of insurance claim is given to
Daughter Son
Father and Mother Nominee
The life insurance business was nationalised in the year
1938 1956 1991 None of these
form is necessary for claim of Life insurance policy amount.
Registration Demand Discharge All of above
10) Following proof of age provided to insurance company.
Ration Card PAN card
Adhar Card Birth registration certificate
11) is the first step for taking Life Insurance Policy.
Medical Examination Proposal Form
Payment of Premium Confidential Report
12) The head office of Life Insurance Corporation of India is situated at
Mumbai Kolkatta Chennai Delhi
13) The Executive Committee of Life Insurance Corporation of India are
appointed by
State Government Central Government
Public None of these
14) Insurance Act was passed in
1938 1947 1956 1965
2. Write a short notes 14
Need of Insurance.
Principle of Insurable Interest.
3. Write short answer 14
Nature of Insurance.
Features of Life Insurance.
4. Write any one 14
What is Life Insurance Explain principles of Life Insurance.
OR
Explain social and economical significance of Insurance.
5. Write any one 14
What is Life Insurance contract Procedure of taking Life Insurance Policy.
OR
Role of LIC in Social and Economical Development.