aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • IRDA - Life Insurance Agent Mock - 4
  • If there is any delay in settlement of claim within 30 da...
Multiple choice

If there is any delay in settlement of claim within 30 days other than an early claim, the insurer has to pay ______ rate of interest.

  1. savings bank account

  2. bank interest + 2%

  3. 5%

  4. 10%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

If there is any delay in settlement of claim within 30 days other than an early claim, the insurer has to pay bank interest + 2% rate of interest.

Keep practicing — related questions

  • If the claim could not be settled for want of proper identification of a payee, the insurer shall pay inter...
  • The client can instruct the bank to collect money, say interest or dividend on investments made by the clie...
  • A non-early claim is a claim occurring after ______ of taking a policy of insurance.
  • If the borrower does not pay within ____________ days after notice by the secured creditor, the creditor ca...
  • In August 2016, the Bank of England cut interest rates to a record-low 0.25 percent from 0.5 percent. In wh...
  • Ajay pays insurance premium for his employees. Which of the following insurance premiums will not be treate...
  • Rohit opened a recurring deposit account in the bank by depositing Rs. 250 per month for 11 months. The rat...
  • If the proponent has no insurable interest in the insured, the underwriter will
Play the full quiz 🎤 Practise this topic out loud
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy