गैर-जीवन बीमा उत्पाद · NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination
What this chapter covers
General insurance products: their elements (sum insured, one-year term, deductible, restore and recharge, no-claim bonus) and types — property, health, motor, personal accident, critical illness, overseas travel, liability, fidelity, D&O and keyman — plus multiple policies, top-up versus super top-up, health versus critical illness, online versus offline and global coverage.
गैर-जीवन बीमा — स्वास्थ्य, मोटर, दुर्घटना, गंभीर बीमारी, देयता बीमा, टॉप-अप बनाम सुपर टॉप-अप और वैश्विक कवरेज।
What to master before the exam
- The term is typically 1 year (two or three years for some health and two-wheeler policies); restoration refills the sum insured to 100% after partial or full exhaustion, recharge only when a claim has reduced it.
- Motor: third-party liability cover in public places is compulsory, own-damage cover is not; the no-claim bonus can reach 50% of the premium after 5 claim-free years and belongs to the insured, not the car.
- Personal accident cover pays for accidental death and for permanent total, permanent partial and temporary total disablement; critical illness pays a lump sum on diagnosis of a listed disease once the survival period is met, and nothing on death.
- A top-up applies its threshold to every claim, a super top-up to the year's total: with a Rs 5 lakh base and Rs 10 lakh of cover above Rs 5 lakh, four claims totalling Rs 15 lakh are paid Rs 6 lakh with a top-up but Rs 15 lakh with a super top-up.
- Indemnity health policies normally cover expenses in India only (overseas travel policies excepted), while defined-benefit covers pay anywhere; with several health policies the insured chooses which to claim, ideally the employer policy first.
Exam tip: Part of Module 7 (25 marks). The workbook's practice cases include top-up and super top-up claim tables — work them line by line. Also know which covers are indemnity and which defined-benefit, and what is compulsory in motor insurance.
Sample questions from this chapter
Five of the 20 questions in our free bank. Open the answer to see the explanation — every question in the mock test has one, in English and Hindi.
Question 1
The term of insurance in non-life insurance is typically ________.
गैर-जीवन बीमा में बीमा की अवधि सामान्यतः ________ होती है।
- Decided by the insuredबीमित व्यक्ति द्वारा तय
- Decided based on sum insuredबीमा राशि के आधार पर तय
- One yearएक वर्ष
- Flexibleलचीली
Show answer & explanation
Answer: C — One year
The term of a non-life policy is typically 1 year; in some cases, such as health or two-wheeler policies, it may be two or three years.
गैर-जीवन पॉलिसी की अवधि सामान्यतः 1 वर्ष होती है; कुछ मामलों में, जैसे स्वास्थ्य या दोपहिया पॉलिसियों में, यह दो या तीन वर्ष हो सकती है।
Question 2
A ________ policy covers losses sustained by the employer as a result of an act of forgery, fraud or dishonesty by an employee.
________ पॉलिसी किसी कर्मचारी द्वारा जालसाज़ी, धोखाधड़ी या बेईमानी के कारण नियोक्ता को हुई हानि को कवर करती है।
- Keyman insuranceKeyman बीमा
- Fidelity insuranceFidelity बीमा
- Liability insuranceLiability (दायित्व) बीमा
- Directors and Officers liability insuranceDirectors and Officers liability बीमा
Show answer & explanation
Answer: B — Fidelity insurance
A fidelity insurance policy covers losses of money or goods sustained by the employer from an employee’s forgery, fraud or dishonesty; it is usually taken where employees handle large sums of cash or valuables.
Fidelity बीमा पॉलिसी किसी कर्मचारी की जालसाज़ी, धोखाधड़ी या बेईमानी से नियोक्ता को हुई धन या माल की हानि को कवर करती है; यह सामान्यतः वहाँ ली जाती है जहाँ कर्मचारी बड़ी नकदी या कीमती वस्तुएँ संभालते हैं।
Question 3
Which of the following motor insurance covers is compulsory for using a motor vehicle in a public place in India?
भारत में किसी सार्वजनिक स्थान पर मोटर वाहन के उपयोग के लिए निम्नलिखित में से कौन-सा मोटर बीमा कवर अनिवार्य है?
- Third-party liability insuranceThird-party दायित्व बीमा
- Own-damage insuranceOwn-damage बीमा
- Theft insuranceचोरी बीमा
- Engine protection add-onEngine protection add-on (इंजन सुरक्षा)
Show answer & explanation
Answer: A — Third-party liability insurance
Insurance of motor vehicles against damage or theft is not compulsory, but insurance of third-party liability arising out of the use of motor vehicles in public places is compulsory.
मोटर वाहनों का नुकसान या चोरी के विरुद्ध बीमा अनिवार्य नहीं है, पर सार्वजनिक स्थानों पर मोटर वाहनों के उपयोग से उत्पन्न third-party दायित्व का बीमा अनिवार्य है।
Question 4
Ramesh has earned a “no claim” bonus on his car insurance. He sells the car and buys a new one. As per the workbook:
रमेश ने अपनी कार बीमा पर “no claim” bonus अर्जित किया है। वे कार बेचकर नई कार खरीदते हैं। workbook के अनुसार:
- The buyer of the old car gets the no claim bonusपुरानी कार के खरीदार को no claim bonus मिलता है
- The no claim bonus lapses permanently on saleबिक्री पर no claim bonus स्थायी रूप से समाप्त हो जाता है
- The no claim bonus can be used only with the same insurerNo claim bonus का उपयोग केवल उसी बीमाकर्ता के साथ किया जा सकता है
- Ramesh can transfer the no claim bonus on the own-damage premium to his new carरमेश own-damage प्रीमियम पर no claim bonus अपनी नई कार में स्थानांतरित कर सकते हैं
Show answer & explanation
Answer: D — Ramesh can transfer the no claim bonus on the own-damage premium to his new car
The no claim bonus belongs to the insured person, not the car, so the new owner of the old car is not eligible; the original owner can transfer it to his new car. A new insurer also provides the bonus if the policy is shifted at renewal.
No claim bonus बीमित व्यक्ति का होता है, कार का नहीं, इसलिए पुरानी कार का नया मालिक इसका पात्र नहीं है; मूल मालिक इसे अपनी नई कार में स्थानांतरित कर सकता है। Renewal पर पॉलिसी बदलने पर नया बीमाकर्ता भी यह bonus देता है।
Question 5
Leela’s car own-damage premium is Rs. 16,000. She has made no claim for 5 years. As per the workbook, the maximum reduction in next year’s own-damage premium through the no claim bonus is:
लीला की कार का own-damage प्रीमियम रु. 16,000 है। उन्होंने 5 वर्ष से कोई दावा नहीं किया है। workbook के अनुसार no claim bonus से अगले वर्ष के own-damage प्रीमियम में अधिकतम कमी है:
- Rs. 4,000रु. 4,000
- Rs. 8,000रु. 8,000
- Rs. 12,000रु. 12,000
- Rs. 16,000रु. 16,000
Show answer & explanation
Answer: B — Rs. 8,000
The no claim bonus can go up to 50% of the own-damage premium where no claims have been made for 5 years: 50% × 16,000 = Rs. 8,000.
जहाँ 5 वर्ष से कोई दावा नहीं किया गया हो, वहाँ no claim bonus own-damage प्रीमियम के 50% तक हो सकता है: 50% × 16,000 = रु. 8,000।
Aumsetu
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