In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____

Related MCQs

• A policy where the policyholder makes a one-time payment of premium, is known as a ______________:
• Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be ____________ for the same age
• ………..is the first comprehensive legislation governed both life and non-life branches of insurance was enacted to provide strict state control over the insurance business in India.
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• Gross Premium means Net Premium plus___________
• Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _____
• Gross premium means Net premium plus ________
• The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers
• ………….is an amount in excess of the value of insurers assets over the amount of liabilities.This amount is prescribed by IRDA.
• ICICI prudential Life insurance company sent 50,000 direct mailers to office –goers in Mumbai through their lunch boxes.It is a