NIACL Administrative Officer Insurance Repository System — practice questions

Explore 2 free Insurance Repository System questions in NIACL Administrative Officer Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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Insurance Repository System questions and exercises with answers

Showing questions 1–2 of 2.

The Insurance Repository System enables e-Policies that eliminate which of these risks?Read the answer and worked solution →Complete what an e-policy removesRead the answer and worked solution →

Worked practice questions

The Insurance Repository System enables e-Policies that eliminate which of these risks?

Storage and loss of paper policies
Premium evasion
Fraud claims
Underwriting losses

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Correct answer: A. Storage and loss of paper policies

1. e-Policies dematerialise paper policies into electronic form. 2. The shift removes paper-handling overhead. 3. Per the brochure: e-Policies will eliminate paper and associated risks of storage and loss. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "e-Policies will eliminate paper and associated risks of storage and loss"_

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Complete what an e-policy removes

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Missing parts

Answer
electronic
Choices
1. printed
2. electronic
3. hand written
Answer
paper
Choices
1. paper
2. the agent
3. the premium
Answer
loss
Choices
1. profit
2. tax
3. loss

Complete the statement

A repository lets a policyholder keep a policy in {0} form. That form removes {1} and with it the risks of storage and {2}.

Instructions

Tap the right word for each blank to finish the line about holding a policy without paper.

_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "e-Policies will eliminate paper and associated risks of storage and loss"_

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