RAP Mock Test – RAP Exam English

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

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

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

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

5. Who is the primary underwriter of the clients

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

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

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

9. Which market areas do Micro Insurance product concentrate

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

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

12. Who is the customer of a Re insurer 

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

14. 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?

15. Which of the following statements is correct?

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

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

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

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

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

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

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

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

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

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

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

27. 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

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

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

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

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

32. What is the limit of Ombudsman claim settlement?

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

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

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

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

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

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

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

40. 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?

41. Which statement is correct?

42. 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

43. Which of the following risks are insurable?

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

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

46. 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

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

48. 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

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

50. Till what period is the interim bonus valid