Insurance Exam Papers

hii sir, I wanted to get the question paper of the insurance Examinations please provide me the previous year question paper of the insurance Examinations ?

[Saksham]

As you Asking for the previous year question paper of the Insurance Examination here I am providing you the question paper of the Insurance Examination the question paper consist of the following questions that are as follow :


Select the appropriate answer to complete the sentence (Checking learning - Direct)
i. As per structured formula under the Motor Vehicle Act, victims of fatal injuries are
paid compensation on the basis of:
a. Age and sex
b. Age and number of dependents
c. Income and size of family
d. Age and income
e. Income and number of dependents
Ans: d. Age and income.

ii. As per the Insurance Act, every insurer has to prepare at the end of financial year
a. Balance Sheet
b. Profit and Loss Account
c. Revenue Account for each class of Insurance business
d. Accounts of receipts and payments in respect of share-holders’ funds
e. All of the above
Ans: e. All of the above

II. State which of the statements is/are correct (Checking learning - Direct)
i. The Third Party Administrator’s role mainly involves
a. Canvassing business for the insurer.
b. Issuing documents on behalf of the insurer
c. Arranging for reinsurance
d. Sending renewal notices
e. Checking and paying insurance claims
Ans: e. Checking and paying insurance claims

ii. Time Policies relate to:
a. Fire insurance
b. Hull insurance
c. Personal Accident insurance
d. Workmen’s Compensation insurance
e. Motor vehicles insurance
Ans: b. Hull insurance

III. Answer the questions below by selecting the correct answer: (Checking learning - Direct)
i. Which clause specifies the perils insured in a scheduled form of policy?
a. Preamble Clause
b. Recital Clause
c. Operative Clause
d. Consideration Clause
e. Attestation Clause
Ans: c. Operative Clause

ii. Which of the following types of insurances is mandatory?
a. Motor Own Damage
b. Motor Third Party Legal Liability
c. Personal Accident Insurance
d. Product Liability
e. Professional Liability

Insurance Examination previous year question paper