Hi friends, here is the Postal Life Insurance Rules 2011 MCQ Quiz. These MCQ Quiz on POLI Rules, 2011 will be useful for Inspector Posts Exam (IP Exam) and Postal Service Group B Exam (PS Gr.B Exam). Moreover these questions will be handy for those preparing for GDS/MTS to Postman Exam, GDS/MTS/Postman to PA Exam and GDS to MTS Exams.
Postal Life Insurance Rules 2011 governs the rules and regulations regarding the Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) under the Department of Posts. Attempt the Quiz and Share Your feedback.
Postal Life Insurance Rules 2011 MCQ Quiz
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1. The administration of the Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund is vested in the?
(A) Director General of Posts
(B) Secretary (Posts)
(C) President of India
(D) Finance Ministry
2. Post Office Life Insurance Rules, 2011 shall apply to which among the following?
(A) Postal Life Insurance
(B) Rural Postal Life Insurance
(C) Both A and B
(D) None of the above
3. Under POLI Rules 2011, “Auto paid up” means a policy for which _ months or more premium shave been paid?
(A) 36
(B) 24
(C) 12
(D) 60
4. What is the full form of “CPC” under Post Office Life Insurance Rules, 2011?
(A) Circle Processing Centre
(B) Central Processing Centre
(C) Central Procuring Centre
(D) Circle Packing Centre
5. Central Processing Centre (CPC) where all work relating to PLI/RPLI is carried is located at?
(A) Circle Offices
(B) Regional Offices
(C) All Departmental Post Offices
(D) Head Post Offices
6. “Convertible Whole Life Assurance” means a life insurance contract entered into by Government to pay a given sum of money with accrued bonus to the insured either on death (to relatives) or on attaining the age of?
(A) 80 years
(B) 60 years
(C) 100 years
(D) 70 years
7. Convertible Whole Life Assurance can be converted at the end of?
(A) 5 years with a grace period at end of 6 years
(B) 4 years with a grace period at end of 5 years
(C) 3 years with a grace period at end of 2 years
(D) 2 years with a grace period at end of 4 years
8. What is the Free Look Period under POLI Rules, 2011 during which the insurant may make a request to the Department of Posts for cancellation of his policy from the time delivery of the policy at the address of the insurant?
(A) 30 days
(B) 15 days
(C) 10 days
(D) 7 days
9. A policy which is in existence more than three years shall be treated as lapsed if premium/ premia remain unpaid for more than?
(A) 3 years
(B) 6 months
(C) 9 months
(D) 12 months
10. What is the minimum age to join Postal Life Insurance?
(A) 18 years
(B) 19 years
(C) 21 years
(D) 25 years
11. What is the maximum age limit to join the Postal Life Insurance?
(A) 60 years
(B) 56 years
(C) 55 years
(D) 50 years
12. Which among the following are eligible to join the Postal Life Insurance?
(A) All permanent and temporary employees of Central/State Governments
(B) Employees engaged/appointed on contract basis by Central/ State Governments, where contract is extendable
(C) Employees of all Scheduled Commercial Banks
(D) All the above
13. Which among the following Professionals are eligible to join the Postal Life Insurance?
(A) Doctors
(B) Engineers
(C) Lawyers registered with Bar Council of India
(D) All the above
14. What is the minimum sum assured under Postal Life Insurance Policy?
(A) Rs.10,000
(B) Rs. 20,000
(C) Rs. 50,000
(D) Rs. 1 lakhs
15. What is the maximum sum assured under Postal Life Insurance Policy?
(A) 20 Lakhs
(B) 50 Lakhs
(C) 1 Crore
(D) 25 Lakhs
Answers
1. (A) Director General of Posts
2. (C) Both A and B
3. (A) 36
4. (B) Central Processing Centre
5. (D) Head Post Offices
6. (A) 80 years
7. (A) 5 years with a grace period at end of 6 years
8. (B) 15 days
9. (D) 12 months
10. (B) 19 years
11. (C) 55 years
12. (D) All the above
13. (D) All the above
14. (B) Rs. 20,000
15. (B) 50 Lakhs
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