SURROGATES QUIZ - APRIL
Authored by VISHAL GAWADE
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Professional Development
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34 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are the primary types of surrogates discussed in the document for income estimation?
Financial assets, vehicle value, and monthly investments
Salary slips, tax returns, and bank statements
Property deeds, gold holdings, and art collections
Stock options, business profits, and rental income
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which insurance products are these surrogates applicable for?
IPS & IPROP - (except Business insurance)
Only Business insurance
All insurance products
Term insurance only
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the maximum Total Sum Assured (TSA) that can be considered when using surrogates for IPS?
2Cr TSA (IPRU+Other insurer)
1 Cr TSA
50 lacs TSA
5 Cr TSA
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the maximum Total Sum Assured (TSA) that can be considered when using surrogates for IPROP?
2Cr TSA (IPRU+Other insurer)
1 Cr TSA
50 lacs TSA
5 Cr TSA
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the maximum age limit for individuals using surrogates?
55 years
50 years
60 years
65 years
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the minimum education requirement for individuals using surrogates?
Graduation
High School Diploma
Undergraduate Degree
Postgraduate Degree
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the minimum credit bureau score required for using surrogates?
650
700
600
750
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