Question Bank-New Addition (REPS)

Mr. K is Hindu if he dies intestate who will get his property. In his family his dad and wife & son and his sister lived with her.

Mr. Arun lived with his wife and two daughters. One daughter is 5 year and the other daughter is 8 years old. He wants that after his death both daughters shall be able to complete her education without any problem. Want that € 8000 per month with Inflation rate of 4% and discounted rate of 7 % after the age of 18 for 3 years. How much should he invest today for both girls’ education?

How much would an insurance policy reimburse a homeowner who has a house valued at $400,000 insured for $300,000 after experiencing a fire that causes $20,000 in damage? The house has an 80 percent coinsurance provision and a $1,000 deductible.

Jane Q. has a health plan with a $2,500 deductible, 20% coinsurance, and a $6,000 out-of-pocket maximum. What will be claim paid if the $5000 Rs. the actual expenditure on medical expenses.

Jane Q. has the second claim in the year where she spends $ 15000 on Medical Expenses What shall the claim Paid to her.

Jane Q. has third Claim in the year of $ 2500 in the same policy year what will be the claim paid to her in the case

Krishna wants to give rent to his daughter for her maintenance expenses coming from his property. What kind of bequest of it is.

Ajay wants to give a commercial property to his son what kind of bequest it is

Mortality table shows:

Mr. K lived with his girlfriend Mrs. Q.and was not married yet and Mr. K made a will and his girlfriend Mrs. Q is only executor and if Mr K becomes incapacitated who will have an attorney to take decision.

Annuities which have characteristics of both fixed and variable annuities and a complicated one.

When a medical professional’s activities unintentionally cause physical harm to a person, which insurance provides liability protection?

There is technically no exclusion for a medical professional’s intentional acts with most malpractice insurance

When a professional is in a position to cause fiscal (financial) harm to a client, those types of liabilities will generally call for the use:

Mr.K is an Indian Citizen and now wants to live permanently in the US and doesn’t want to live in India what it shows?

What are the major changes in the amendment of 2005 done in HSA Act 1956: ?

A. Females in a Hindu joint family governed by MIT Akshara law are equally entitled to a share in ancestral property as their male counterparts, and granted the same rights and liabilities.

B. Prior to the 2005 Amendment, the interest of the deceased in property of a joint Hindu family would, on death, go to surviving co-owners of such property. However, post-amendment, such interest will devolve by testamentary or intestate succession.

In an insurance contract, the company and its agent has the power to draft the contract, while the potential policyholder only has the right of refusal.it Is contract of

An agreement concerned with an uncertain event that provides for unequal transfer of value between the parties. Its an Agreement in nature of

In case of fire insurance, insurable interest must exist in the property

In the case of Life insurance, insurable interest must exist in the life of the insured ?

In case of Marine insurance, insurable interest must exist in the marine

The health care system which have their own network of doctors or physicians and other healthcare providers and outside network access is not allowed is called

Decisions taken by the TAC within its jurisdiction, subject to observance of prescribed procedures, are final and binding on all non-life insurers as well as the insured in India. Is it True?

Who is the Chairman of Tariff Advisory Committee