Hi friends, here is the Postal Life Insurance Multiple Choice Questions. So far we have covered 30 questions on Postal and Rural Postal Life Insurance Rules 2011. In this post, we will be covering another set of 15 more important questions. Those preparing for Inspector Posts Exam (IP Exam) and Postal Service Group B Examination (PS Gr.B Exam) will find these questions useful.
Further those attempting LGO Exams under Department of Posts like GDS/MTS to Postman Exam, GDS/MTS/Postman to PA Exam and GDS to MTS Exams.
Postal Life Insurance Multiple Choice Questions
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1. Which among the following is/are with regard to Medical Scheme under RPLI/PLI is not correct?
(A)fees on account of medical examination shall be borne by the Department
(B)if second medical opinion is required to be obtained the fee thereof shall be paid by the proposer in case he is responsible for the delay in acceptance of proposal
(C)PLI policy upto Rs. 5 lakh of sum assured will be a non -medical policy irrespective of age limit
(D)All the above are incorrect
Ans: (C)PLI policy upto Rs. 5 lakh of sum assured will be a non -medical policy irrespective of age limit
2. Which among the following is/are correct with regard to Children Policy?
(A)only one such policy will be allowed for a child against one policy of the father/mother
(B)Total Sum Assured of this Policy with the other Policy (ies) of the Insured shall not exceed the upper limit of the Sum Assured that is allowed under PLI/RPLI from time to time
(C)Both A and B are correct
(D)None of the above are correct
Ans: (C)Both A and B are correct
3. Children Policy was introduced w.e.f?
(A)1 August 1997
(B)20 January 2006
(C)25 January 2011
(D)1 January 2000
Ans: (B)20 January 2006
4. In case of RPLI, the maximum Sum Assured under Children Policy is?
(A)1 Lakh
(B)10 Lakhs
(C)5 Lakhs
(D)3 Lakhs
Ans: (A)1 Lakh
5. Which among the following shall be the unique identifier for the purpose of establishing the identity of a proposer and PLI/RPLI policy holder
(A)Date of Birth
(B)Mobile Number
(C)PAN Card Number
(D)Aadhaar Number
Ans: (D)Aadhaar Number
6. What is the upper limit of a Non-Medical Policy in PLI?
(A)Rs.5 Lakhs
(B)Rs.3 Lakhs
(C)Rs.2 Lakhs
(D)Rs.1 Lakh
Ans: (A)Rs.5 Lakhs
7. PLI policy upto ______of sum assured will be a non -medical policy irrespective of age limit?
(A)Rs.1 Lakh
(B)Rs. 2 Lakhs
(C)Rs.5 Lakhs
(D)Rs.10 Lakhs
Ans: (B)Rs. 2 Lakhs
8. In case of PLI, the maximum Sum Assured under Children Policy is?
(A)1 Lakh
(B)10 Lakhs
(C)5 Lakhs
(D)3 Lakhs
Ans: (D)3 Lakhs
9. Under Children Policy, the age of child should be between?
(A)2 and 10 years
(B)8 and 18 years
(C)5 and 20 years
(D)1 and 21 years
Ans: (C)5 and 20 years
10. In the case of a policy holder under PLI/RPLI, the risk of his (her) life will commence from?
(A)Date of submission of filled in application form
(B)Date of payment of the first premium
(C)date of acceptance of the proposal by the accepting authority
(D)Policy holder can decide the same and mention in the form
Ans: (C)date of acceptance of the proposal by the accepting authority
11. Children Policy is envisaged to provide insurance cover to maximum how many children of a policy holder?
(A)Only one
(B)first two
(C)three
(D)No such limit is prescribed
Ans: (B)first two
12. The minimum limit for Insurance under Children Policy is?
(A)10,000
(B)20,000
(C)50,000
(D)1 Lakh
Ans: (B)20,000
13. The maximum age of main policy holder while taking Children Policy is?
(A)45 years
(B)40 years
(C)50 years
(D)55 years
Ans: (A)45 years
14. Joint Life Assurance policy was introduced with effect from?
(A)1 August 1997
(B)28 February 1994
(C)1 December 2005
(D)12 June 1976
Ans: (A)1 August 1997
15. If the PLI/RPLI proposal is not accepted by the accepting authority, which among the following shall be refunded?
(A)amount of premium(s) paid
(B)amount of premium(s) after deducting the medical examination fee
(C)amount of premium(s) paid with interest
(D)None of the above
Ans: (B)amount of premium(s) after deducting the medical examination fee
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