Q. According to IRDAI Regulations for protecting policyholder's interests, what information should a Health Insurance Policy document contain?

View solution

Q. What is the purpose of including the "Provision for cancellation of the policy on grounds of misrepresentation, fraud, non-disclosure of material facts, or non-cooperation of the insured" in a health insurance policy document?

View solution

Q. What is a "condition" in the context of an insurance contract?

View solution

Q. How does a breach of condition affect an insurance policy?

View solution

Q. What is a "warranty" in an insurance contract?

View solution

Q. How must warranties be observed and complied with according to insurance principles?

View solution

Q. Which of the following is NOT an example of a condition in an insurance policy?

View solution

Q. What is the purpose of an endorsement in an insurance policy?

View solution

Q. When are endorsements typically issued in an insurance policy?

View solution

Q. What is the role of endorsements in the insurance contract?

View solution

Q. When might an endorsement be issued to an insurance policy?

View solution

Q. If you want to add a new peril to your insurance policy, what should you request?

View solution

Q. Which of the below statement is correct with regards to a warranty?

View solution

Q. If certain terms and conditions of the policy need to be modified at the time of issuance, it is done by setting out the amendments through __________.

View solution