Insurance - Study Mode

[#166] Who is a health care provider?
Correct Answer

(D) Hospital

Explanation

Solution: Hospital is a health care provider. A healthcare provider is an institution (such as a hospital or clinic) or person (such as a physician, nurse, allied health professional or community health worker) that provides preventive, curative, promotional, rehabilitative or palliative care services in a systematic way to individuals, families or communities.

[#167] New India Assurance Co Ltd is a type of?
Correct Answer

(B) General Insurance Company

Explanation

Solution: New India Assurance Co Ltd is a type of General Insurance Company. Life insurance company is one which provides insurance for death. General Insurance company is one which deals with all other types of insurance other than death like vehicle insurance, House Insurance etc. It is also called non-life insurance.

[#168] Who can do a nomination under the policy?
Correct Answer

(C) Life Insured

Explanation

Solution: 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.

[#169] Assignee can do another _________ but cannot do _________
Correct Answer

(D) Assignment, Nomination

Explanation

Solution: Assignee can do another Assignment but cannot do Nomination.

[#170] Which type of alterations amongst the following is not permitted?
Correct Answer

(D) Increase in risk
(H) All of the above

Explanation

Solution: Increase in risk type of alterations is not permitted.