RAP Mock Test – RAP Exam English

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

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

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

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

5. 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?

6. Which of the following risks are insurable?

7. Till what period is the interim bonus valid

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

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

10. Who is the customer of a Re insurer 

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

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

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

14. What is the limit of Ombudsman claim settlement?

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

16. 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

17. 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

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

19. Which of the following statements is correct?

20. 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?

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

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

23. 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

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

25. Which market areas do Micro Insurance product concentrate

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

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

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

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

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

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

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

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

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

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

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

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

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

39. 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

40. Who is the primary underwriter of the clients

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

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

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

44. Which statement is correct?

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

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

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

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

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

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