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    IC 38 Short Notes (2) 128

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    Anil Kumar
    This document contains a test with multiple choice questions about annuities, pensions, health insurance, and third party administrators (TPAs). Annuities can provide either fixed or variable payments and can be paid to a surviving spouse. Deferred annuities have two phases - an accumulation phase where premiums are paid, and a payout phase when annuity payments begin. Health insurance policies may cover hospitalization costs but typically do not cover outpatient expenses. Day care centers provide less than 24-hour treatment for procedures like cataracts and lithotripsy. TPAs administer health insurance claims.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    IC 38 Short Notes (2) 128

    Uploaded by

    Anil Kumar
    31 views1 page
    This document contains a test with multiple choice questions about annuities, pensions, health insurance, and third party administrators (TPAs). Annuities can provide either fixed or variable payments and can be paid to a surviving spouse. Deferred annuities have two phases - an accumulation phase where premiums are paid, and a payout phase when annuity payments begin. Health insurance policies may cover hospitalization costs but typically do not cover outpatient expenses. Day care centers provide less than 24-hour treatment for procedures like cataracts and lithotripsy. TPAs administer health insurance claims.

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    IC-38-Short-notes(2)-128

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    This document contains a test with multiple choice questions about annuities, pensions, health insurance, and third party administrators (TPAs). Annuities can provide either fixed or variable payments and can be paid to a surviving spouse. Deferred annuities have two phases - an accumulation phase where premiums are paid, and a payout phase when annuity payments begin. Health insurance policies may cover hospitalization costs but typically do not cover outpatient expenses. Day care centers provide less than 24-hour treatment for procedures like cataracts and lithotripsy. TPAs administer health insurance claims.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views1 page

    IC 38 Short Notes (2) 128

    Uploaded by

    Anil Kumar
    This document contains a test with multiple choice questions about annuities, pensions, health insurance, and third party administrators (TPAs). Annuities can provide either fixed or variable payments and can be paid to a surviving spouse. Deferred annuities have two phases - an accumulation phase where premiums are paid, and a payout phase when annuity payments begin. Health insurance policies may cover hospitalization costs but typically do not cover outpatient expenses. Day care centers provide less than 24-hour treatment for procedures like cataracts and lithotripsy. TPAs administer health insurance claims.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    1

    MODEL TEST 4 12. Which is not a pension related contingency?


    Time : 1 hour Marks : 1 mark each (A) Health (B) Longevity
    (C) Inflation (D) Investment risk
    1. Annuity belongs to – 13. Which is the reason for increase in health
    (A) one where annuity amount is insurance in India?
    fixed (guaranteed) (A) Health consciousness
    (B) one where the annuity amount is (B) Increased longevity
    variable (linked to investment performance) (C) Increase in income (D) All
    (C) Both A and B are correct 14. What is a Standalone health insurance company?
    (D) None of the above. (A) An health insurance company which has
    2. Which one of the following statements is correct? only one office throughout the country.
    (A) Annuity would stop strictly with the death (B) A Life insurance company selling general
    of the annuitant insurance products like health insurance also.
    (B) Annuity could be paid to the surviving (C) A General Insurance company which sells
    spouse in case of joint life annuity. only health products. (D) All the above.
    (C) Both A and B are correct 15. Which is not a recent phenomenon in
    (D) None of the above. health insurance industry segment?
    3. In a joint life annuity, what would happen to (A) Hospital chains are allowed by IRDA to
    annuity payment if the spouse is to predecease enter health insurance business.
    the annuitant? (B) Tremendous growth of health ins. business
    (A) Annuity would continue is tapped by Standalone companies.
    (B) Annuity would cease (C) Standalone companies are specifically
    (C) A & B correct (D) NOTA barred from covering rural masses.
    4. What are the types of Annuities? (D) None of the above.
    (A) Immediate Annuity (B) Deferred Annuity 16. Which item of expense is not covered under a
    (C) Both are correct (D) NOTA typical health insurance cover?
    5. Under Immediate annuity, the premium has to be paid (A) Theatre charges
    (A) in regular instalments (B) in lumpsum (B) Blood donation charges
    (C) Both correct (D) Both wrong (C) Bed charges (D) Test reports
    6. Under Deferred annuity, the premium has to be paid – 17. Which is correct?
    (A) in regular instalments (B) in lumpsum (A) Health insurance companies do not normally
    (C) Both correct (D) Both wrong provide Outpatient treatment expenses.
    7. Under Deferred annuity, the time period between its (B) Some Health insurance companies do provide
    purchase and start of annuity payments is called– Outpatient treatment expenses.
    (A) Waiting period (C) Both correct (D) None of the above correct
    (B) Postponement period 18. As part of Outpatient cover, which are the items that
    (C) Waiver period (D) Deferment period could not be covered?
    8. What are the 2 distinct phases of a Deferred Annuity? (A) Dental treatment (B) Optical services
    (A) Waiting & Starting phases (C) Health checkups (D) Surgery
    (B) Loading & Unloading phases
    (C) Accumulation & Payout phases 19. Day care centre in health insurance parlance
    (D) Commutation & Continuation phases would mean –
    9. Which type of Annuity will have 2 distinct phases? (A) Patients are admitted during day time only
    (A) Immediate Annuity (B) Deferred Annuity (B) There is no provision for round the
    (C) Spouse Annuity (D) Joint life annuity clock treatment
    10. Which one of the following statement is correct? (C) Centre where procedures requiring less
    (A) Every Annuity is pension than 24 hrs hospitalization are done.
    (B) Every Pension is an Annuity (D) None of the above.
    (C) Both correct (D) Both wrong 20. Which among the following is not a Day
    11. Which is a dilemma of an old age person? Care procedure?
    (A) How much old age pension is to be provided (A) Byepass surgery (B) Cataract
    (B) Where to invest the fund (C) Lithotripsy (D) Piles
    (C) Both correct (D) Both wrong 21. TPA stands for –
    (A) Third Party Assignee

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