Page 42 - Life Insurance Today OCTOBER 2017

Glossary & Poll

Life Insurance Glossary Poll of the Month

Do you think IRDA should open customer
Group Life Insurance: grievance centre to help customers in lodging
A life insurance policy issued to a group of people, usually complaint
"
through an employer, union or association.
Guaranteed Issue: Yes No Can’t Say
An insurance policy provision that allows a certain amount Results of Poll in our September 2017 Issue
of insurance or type of insurance to be issued without medi-
cal evidence of insurability. Do you think increase in more distribution
channel without proper training and education
Guaranteed Rates:
will harm the industry
A life insurance policy provision that guarantees the pre-
mium rates will not change during the entire term of the Yes- 100 % No- 00 % Can’t Say- 00 %
policy. Most guaranteed term life insurance policies have
guaranteed rates. You may send your views to :
Poll Contest
Guaranteed Term Life Insurance: Life Insurance Today.
A type of renewable term life insurance that remains in 25, Baranashi Ghosh Street, Kolkata-7, India
force provided the policy premiums are paid on time. Tel : 2218-4184, Fax : 033-22736612 SMS : 9830171022
Appearing in Licentiate Examination
Guaranteed Insurability:
An insurance policy provision that allows the insured to buy (As per New Syllabus)
additional fixed amounts of life insurance at fixed time in- Presenting for the first time in India a reliable and tested
tervals without evidence of insurability. coaching solution from the house of The Insurance Times, a
renowned name in the field of insurance education. After
Guaranteed Renewable: closely studying the needs of students appearing for the
examinations of Insurance Institute of India our research
An insurance policy provision that guarantees an insurance
team has prepared this excellent set of guide materials. This
policy will continue in force provided the policy premiums
book will cover objective type questions and answers as per
are paid on time. An insurance company can typically only
current syllabus and shall include questions of last 10
cancel a guaranteed renewable insurance policy for non- previous terms (only objective questions)
payment of premium.
Subjects :
Life Insurance General Insurance
Hazardous Activities:
01 Principles of Insurance 01 Principles of Insurance
These are activities that, if participated in may make you
02 Practice of Life Assurance 11 Practice of General Insurance
inelgible for coverage from the insurance carrier. Examples 14 Regulations on Insurance 14 Regulations on Insurance
include, but are not limited to scuba diving, jet, snow, and
Cost: `` `` ` 650 each book including delivery charges
water skiing, snowboarding, hang gliding, skydiving,
paragliding, bungee jumping, mountain climbing, and ama- Licentiate Exam Mock Test
teur racing. Be sure to check the specific insurance company Insurance Training Centre, wing of The Insurance Times is
details and / or brochure for exact specifics. pleased to announce the launch of online Mock Tests for
Licentiate exams. Each course contains mock test for each
HIV Consent Form: chapter followed by a final Mock Test covering all the
A required form completed by the applicant and submitted chapters. After completing this online you can assess your
level of preparedness and if required you can brush up
with the application for insurance. The form discloses to the
again in order to score good marks. `` `` `300/- each paper.
applicant that the insurance company may test for the pres-
ence of HIV in the applicant's blood. By signing, the appli- Combo Offer : 3 Books plus Online Mock Test for 3
cant acknowledges this and provides authorization for the papers worth `` `` `900/- total value `` `` `2850/- :
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42 October 2017 Life Insurance Today

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