IC23 APPLICATIONS OF LIFE INSURANCE – 14

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Que. 1 : Q1) Advances and withdrawals can be made out of the
General Provident Fund (GPF) by an employee for which of the below specified
purposes?

   1.  a) Housing, medical treatment expenses,
educational expenses,marriage expenses etc.

   2.  b) Housing, medical treatment expenses,
vacation expenses, buying a vehicle etc.

   3.  c) Medical treatment expenses, vacation
expenses, giving loans to needy persons, marriage expenses

   4.  d) Housing, existing house
refurbishment, buying household items, house renovation etc.

Que. 2 : Q2) In Third way annuities, the annuitant is
allowed to take income from the annuity till the age of _________.

   1.  a) 55 years

   2.  b) 65 years

   3.  c) 75 years

   4.  d) 85 years

Que. 3 : Q3) Superannuation pension if he has rendered
eligible service of _______ or more and retires on attaining the age of
_______.

   1.  a) 5 years , 50 years

   2.  b) 10 years, 58 years

   3.  c) 15 years, 65 years

   4.  d) 20 years, 72 years

Que. 4 : Q4) Under the Indian Evidence Act a person who has
disappeared is presumed to be dead only if he has not been heard of for
____________ by those who would naturally have heard of him if he had been
alive.

   1.  a) 2 years

   2.  b) 5 years

   3.  c) 7 years

   4.  d) 10 years

Que. 5 : Q5) In Medical Expenses Insurance plan, some
variants pay fixed amounts called ________ for every day of hospitalisation.

   1.  a) Premium cash

   2.  b) Insurance cash

   3.  c) Illness cash

   4.  d) Hospital cash

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