Insurance

✅ The correct answer is C.
The changes in healthcare costs over recent years has had a rise in the need for cover on healthcare insurance.

✅ The correct answer is D.
With regards to valuation of assets by insurance companies, Book value is the value at which the life insurer has purchased or acquired its assets.

✅ The correct answer is D.
Losses of a few persons are shared by many persons thus reducing the burden of contribution to loss compensation.

✅ The correct answer is D.
Both the statements are incorrect.
The tax provisions are not the same for all kinds of savings. The tax provisions are not included in the Constitution.

✅ The correct answer is D.
Policy reserves, Mortality and Expenses are the factors in determining premium in a life policy.

✅ The correct answer is C.
Life Insured can do a nomination under the policy. Nomination is the process by which the policyholder appoints a person or persons to receive policy benefits in case of a death claim.

✅ The correct answer is D.
As per IRDA Regulations 2002, a decision in a claim is to be taken by the insurer within 30 days of submission of requirements by the claimant.

✅ The correct answer is C.
Passport is an example of standard age proof.

✅ The correct answer is B.
If the insured gets admitted in a non-network hospital, he would settle hospital bills and would get reimbursed by the insurer.

✅ The correct answer is B.
Soft skills relate to one’s ability to interact effectively with other workers and customers, both at work and outside. A soft skill is a personal attribute that supports situational awareness and enhances an individual’s ability to get a job done. The term soft skills is often used as a synonym for people skills or emotional intelligence.