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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

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

View solution

Q. When and under what circumstances did the IRDAI allow insurers to collect health insurance premiums in instalments?

View solution

Q. How are premiums usually collected for health insurance policies according to the Insurance Act, 1938?

View solution

Q. What does a Prospectus serve as in the context of health insurance?

View solution

Q. How does the insurance company use the information gathered from the proposal form in the underwriting process?

View solution

Q. What information does the proposer need to declare about his claim experience?

View solution

Q. In the context of personal accident insurance, why does the insurer want to know about other personal accident policies taken by the same insured?

View solution

Q. What does the proposer need to declare regarding any past insurer actions, like policy refusals or premium increases?

View solution

Q. Why does the proposer need to inform the insurance company about his previous insurances?

View solution

Q. Give an example of why a proposer's profession or occupation is important in the context of insurance.

View solution

Q. Why is it important to gather information about the proposer's profession, occupation, or business in health insurance proposal forms?

View solution

Q. In personal lines of insurance like health, what kind of information is typically collected in proposal forms?

View solution