Question
a.
It indicates the proposer's favorite color
b.
It serves as a payment receipt
c.
It establishes the insurer's contact details
d.
It ensures the proposer has filled up the form accurately and understood the facts
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is the significance of the declaration in the Proposal Form for the insured and the insurer?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Which of the following is not relevant in respect of a Proposal form?
View solution
Q. What is Money Laundering?
View solution
Q. The Prevention of Money Laundering Act (PMLA), 2002:
View solution
Q. Purpose of PMLA (Prevention of Money Laundering Act):
View solution
Q. What are Anti-Money Laundering (AML) guidelines?:
View solution
Q. Importance of Anti-Money Laundering (AML) guidelines:
View solution
Q. KYC (Know Your Customer) norms:
View solution
Q. What is the primary objective of KYC (Know Your Customer) guidelines for businesses, including insurers?
View solution
Q. Which of the following is NOT a common document used for Proof of Identity in KYC procedures?
View solution
Q. What is the significance of Age Proof documents in the insurance industry, especially for personal lines of insurance like Life and Health?
View solution
Q. Which of the following is NOT considered a standard age proof document in insurance?
View solution
Q. What is a non-standard age proof document in insurance when standard documents are not available?
View solution
Q. What is the primary purpose of the Declaration included in a Proposal Form?
View solution
Q. Why is maintaining records of transactions prescribed under the Prevention of Money Laundering Act important for financial institutions and intermediaries, including insurance companies?
View solution
Q. What is the objective of the Prevention of Money Laundering Act (PMLA), 2002 in India?
View solution
Q. What are the Anti-Money Laundering (AML) guidelines issued by IRDAI primarily concerned with?
View solution
Q. Which of the following is not acceptable as valid Age Proof?
View solution
Q. What is the primary purpose of a prospectus in the insurance industry?
View solution
Q. What is the common name for the application document used for making an insurance proposal?
View solution
Q. Which of the following is considered a standard age proof in the insurance industry?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
