Millionaire Mode

IRDA - Life Insurance Agent (Mock - 2)

Question 1 of 50

Which of the following is the correct statement?

  1. Life insurance contract is a verbal contract through custom and usage.
  2. Life insurance is a legally enforceable contract between the insurer and the insured, as per the Indian Contract Act, 1872.
  3. Verbal contracts, like life insurance, are enforceable.
  4. Life insurance, like a wagering contract, is a business practice.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000