B.Com. III (Semester VI) (CGPA) Examination, 2018
advanced insurance (Paper
Day and Date Friday, 7-12-2018 Max. Marks 70
Time 2.30 p.m. to 5.00 p.m.
N. B. All questions are compulsory.
Figures to the right indicate full marks.
1. Choose correct alternatives 14
Head office of the Insurance Regulatory and Development Authority (IRDA)
is situated at
Delhi Mumbai Chennai Pune
For yearly premium policy of grace are allowed.
60 45 30 90
A licence for insurance granted for three years.
Company Development Officer
Agent Policy Holder
means reimbursement of hospital expenses.
Life Whole life policy
Group Health
The IRDA Act was passed in the year
1956 1938 1961 1999
The employer can take the insurance for the benefit of his employees is
called
Group Travel
Accident Life
Life insurance is the exception to the
Principles of indemnity Principles of co-operation
Principles of utmost good faith Principles of insurable interest
For taking life insurance policy is essential.
Renewal notice Cover note
Nomination form Proposal form
After payment of first premium insured receives receipt is called as
Proposal form Insurance policy
Premium notice Cover note
10) Insurance agent is ready to carry an insurance business in consideration
of
Discount Profit
Commission Fees
11) Accident Insurance, Group Insurance, Travel Insurance, Unit linked
Insurance are Insurance.
Types Principles
Purposes Conditions
12) The amount paid by Insurance company when the policy holder decided to
discontinue the policy is called
Insurance premium Loan amount
Surrender value Amount of policy
13) The committee was formed in 1993 under the Chairmanship of R. N. Malhotra
for the study of
Insurance agent Insurance sector
Principles of Insurance Conditions of Insurance
14) Endowment policy is also called as
Group Insurance policy Term policy
Ordinary whole life policy Whole life policy
2. Write short notes 14
Functions of Insurance agent.
Health Insurance.
3. Write short answer 14
Explain the cover given under accident Insurance.
Explain the procedure of appointment of Insurance agent.
4. State the various conditions of l ife Insurance policy. 14
OR
Explain the functions of Insurance Regulatory and Development Authority of
India.
5. Explain the code of conduct for insurance agent. 14
OR
Explain the merits and demerits of privatisation of insurance business.