RAP Mock Test – RAP Exam English

1. Weekly premiums are generally collected for which type/range of plans

2. What is the limit of Ombudsman claim settlement?

3. What is the free look time available after receiving policy Documents?

4. An agent has recommended an investment product with non-guaranteed benefits. The benefitillustration passed to his client will therefore use assumed annual growth rates of

5. Two friends have taken same policy but their premiums are different . Why ?

6. What are the benefits in investing in insurance plans ?

7. Law of large number helps Insurer to analyse which key area

8. Consumer can call Toll free No. for any Grievance or he can also contact

9. The rates of assumed annual growth to be shared in the benefit illustration has been decided by which of the authority

10. What is the death benefit if the person has multiple sums assured under different policies?

11. While calculating Human life value (HLV) two components need to be kept in mind , the oneis take home salary and other is

12. As per the norms of risk assessment by U/W both the parents of a policy holder died in their early 30s due to Heart disease, what is the risk assessed

13. An advisor while explaining the policy and to sell he accepts to give a part of his Agentscommission, what is the limits

14. Till what period is the interim bonus valid

15. A claim intimation leads to the publishing of an advertisement in the newspaper. This means

16. A policy has been rejected by the company under direct intimation to the customer and copy tothe Agent, what is the next action of the Agent

17. A policy has two nominations. What amount should be given to the two nominees

18. Which of the following statements is correct?

19. Which plan will suits a customer need who is just looking for protection of family.

20. Which statement is correct?

21. A client has taken an endowment policy with SA- 800000 and vested bonuses- 60000. He paid 8 annual premiums in the 30 year plan. Calculate paid-up SA?

22. When is insurable interest required in an life insurance contract

23. An Award is passed by Ombudsman .In how many days it should be honored by Insurance

24. Annual premium of insurance product is Rs. 32,000, 4% loading on Quarterly mode of  payment What is the quarterly premium?

25. Regulation issued by IRDA required that the decision on the proposal must be conveyed to the proposer within

26. What facility do insurers use to cover risks beyond their exposure limits

27. A Couple has 7 years old son, What solution would they be looking for

28. Sahil & Vijay , both health status same, however Vijay was triggered with medicals. What arethe reasons?

29. Client rejecting after taking a policy in how many days.When the insured disagrees with anyof the terms or conditions of the policy after the policy is issued, they have the option to returnthe policy stating the reasons for their objection. Within how many days they can return the poly?

30. Which market areas do Micro Insurance product concentrate

31. While recommending a solution to the client, the advisor should, establish the link between,client needs and

32. When does cooling off period begin in an insurance policy?

33. Complaint council bodies other than IRDA grievance readdress forum & COPA

34. Who is the customer of a Re insurer 

35. How much insurance can be given to a working person ?

36. If the complainant is disagreeing with the decision of the company on the claim then he canapproach to ombudsman in

37. Who is the primary underwriter of the clients

38. Mr.Sunil is doing premium calculation for his company, as per which authority is his profession related to

39. The type of risk that can be insured against is

40. In a 20 year with profit policy, persistency Bonus is paid at the end of 

41. What is maximum level of Insurance premium for which Income Tax benefit is available

42. Which of the following risks are insurable?

43. What is the period of award passed to the customer decided by ombudsman?

44. What are the ways by which a policy holder can make complaints

45. what is the maximum level of complaint that can be considered and taken action byombudsmen

46. ___________ has laid down the Code of Conduct for all agents

47. Two People with same term, one person had more premium than others because

48. Whom should customer contact in case of any dispute for a claim more than 20 lakhs

49. What tax rate, if any, will be applicable to a life insurance policy holder for the maturity proceeds of a Rs 50,000 life insurance policy

50. Raju is a certified license holder under what circumstances he needs to hold his certifiedlicense with him that is issued by IRDA