RAP EXAM QUESTIONS WITH ANSWERS



If the agent recommends the client to terminate an endowment plan and take whole life in order to earn higher commission is termed as.
Switching.
Doing a financial planning.
Churning.
Need analysis.

A family consists of husband wife and two children aged 6 and 10 what kind of insurance plan can be suggested.
Protection plan
Child plan.
Saving.
All  
Which plan will suits a customer need who is just looking for protection of family.

Term insurance.
Ulip.
Endowment.
Money back

Which of the following limit affect the claim amount payable under horticulture plantation policy. 
A. Franchise b. Excess.
Both.
Nor a nor b.
A.
B.
Which of the following contains the offer of the insurer.
Proposal.
Prospectus.
Policy. 
Endorsement.

the policyholder can register the following in his policy
Change in address.
Change in nomination.
Change in assignment.
All

Valid kyc documents are.
Pan CARD .
Voter CARD
Aadhar CARD
All

the insurer has to communicate the decision regarding the proposal within........days

15
Arun started a 20-year term insurance policy. once established, when the insurer next entitled to ask for proof of continuing good health?
After the end of first 12 months

which plan are suitable for low income groups
Micro insurance plan

 the period which does not provide risk cover in a child plan is called...
Vesting period.
Deferment period
Lapse. Period.
Commencement

..........includes banks and brokers...
Intermediaries

To fulfil the 'know your customer' procedures, at what stage in the financial planning process is theinsurance agent most likely to request a copy of the customer's photograph? 

At the end of the fact-find meeting. 
At the end of the presentation meeting. 
As soon as the application is accepted by the insurer.

In term insurance if critical illness rider claim happens then what will happen to existing policy...
Ci benefit reduced

In which claim most fraud occur..
early claim
 
Which of the following does not form part of the regular function of i.r.d.a....
Fixing up the premium rates for the products of the insurer.

validity of a motor cover note may be extended for a maximum period of..
One month

what frequency can one take annuity..
Monthly، Quarterly. Half yearly, yearly...

which features of an insurance policy with address the problem of inflatation..
Increase in bonus

under the principle of insurable Interest one can ensure the life of
None of the options
 
An agent offered his client 75% of the first premium will be paid by him out of his commission...this offer of rebate on premium will beneficiaries....
Answer is D

Under aqua culture insurance comprehensive vcover excludes which of the following........
Poisoning



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