CS/BIRM/SEM-5/BIRM-503/2012-13
2012
LIFE INSURANCE
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives of the following :
10 × 1 = 10
i) Life Insurance works on the Principles of
a) utmost good faith b) insurable interest
c) law of large number d) all of these.
ii) Under a term insurance plan, claim is only paid
a) on maturity
b) whenever the Life Assured wants money
c) at the time of the death of the policyholder
d) none of these.
iii) Life insurance products are classified into Whole Life and
a) Endowment
b) Marine
c) Personal accident policy
d) Health policy.
iv) Life Insurance works on the principle of
a) Sharing b) Large number
c) Probability d) all of these.
v) Through life insurance, the risk of losing income is being