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Old January 5th, 2014, 05:38 PM
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Default IRDA, IIA, Associateship (Life and non-Life) Question Paper

Will you please provide here the IRDA, Insurance Institute of India, Associateship (Life and non-Life) question paper?

The IRDA, Insurance Institute of India, Associateship (Life and non-Life) exam questions are below:

1. The concept of insurance involves a transfer of
A. liability.
B. needs.
C. ownership.
D. risk.

2. Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
A. Life insurance in both cases.
B. Life insurance for health and non-life insurance for personal accident.
C Non-life insurance in both cases.
D. Non-life insurance for health and life insurance for personal accident.

3. The main role of an underwriter in a non-life insurance company is normally to
A. assess the acceptability of particular risks.
B. certify a loss when claims are submitted.
C. design the structure of the products to be offered.
D. negotiate with the industry regulator.

4. Akshat is a relatively cautious person. In insurance terms, this will normally increase the likelihood that he will
A. be considered an above average insurance risk.
B. be considered a below average insurance risk.
C. require insurance cover.
D. require reinsurance cover.

5. How are perils and hazards normally distinguished under term insurance policies?
A. Perils are medical factors which influence the risk of dying and hazards are lifestyle activities which influence the risk of dying.
B. Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk.
C. Perils are factors which affect the risk being insured and hazards are the size of the risk being insured.
D. Perils are factors which could influence an insured event occurring and hazards are the actual events which will trigger a payout.

6. In insurance terms, the risk of suffering a disability is best described as what type of risk?
A. Financial.
B. Fundamental.
C. Homogenous.

7. For a household insurance policy, insurable interest need only exist at outset and at what other point?
A. The date the cancellation period expires.
B. The date a claim occurs.
C. The date the policy document is received.
D. The termination date.

8. Rahul is employed by Sunny. In respect of this employment, Rahul automatically has insurable interest in Sunny’s life up to what limit, if any?
A. Rahul’s monthly salary.
B. Rahul’s pension fund value.
C. Sunny’s annual profit.
D. There is no limit.Sample Questions IC-33 7

9. Arun started a 20-year term insurance policy. Once established, when, if at all, is the insurer next entitled to ask him for proof of continuing good health?
A. At no point.
B. After the end of the first 12 months
C. At the point when he changes occupation or retires.
D. When a lapsed policy is revived.

For detailed paper here is attachment:
Attached Files Available for Download
File Type: doc IRDA IIA Life and non-Life Papers.doc (67.5 KB, 48 views)

Last edited by Aakashd; March 6th, 2020 at 09:41 AM.
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