Question
Two numbers are selected at random without replacement
from the first 12 natural numbers. Find the probability that both numbers are multiples of 3.Solution
Multiples of 3 in 1 to 12 = 4
Required probability = ( 4 C 2 ) / ( 12 C 2 ) = 6 / 66 = 1/11
Which of the following is one who offers claims services on behalf of the insurer?
The role of a risk engineer in the insurance process is to:
Which of the following is NOT a factor that can influence the insurance market cycle?
Under which type of plans, the sum assured is paid at the end of the term as maturity or on the death of the insured during the term of the policy?
Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underw...
What is the purpose of "excess" in an insurance policy?
Which feature is not allowed in the Indian insurance market?Â
What is the maximum Time in which the insurer should settle a claim when all documents are submitted?
The Insurance Act was first introduced in India in:
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