1. What is the minimum sum assured under Postal Life Insurance (PLI)?
• (A) ₹10,000
• (B) ₹20,000
• (C) ₹50,000
• (D) ₹1,00,000
• (A) ₹10,000
• (B) ₹20,000
• (C) ₹50,000
• (D) ₹1,00,000
2. Which year was Postal Life Insurance (PLI) introduced?
• (A) 1880
• (B) 1882
• (C) 1884
• (D) 1886
3. Who manages after-sale services and claims for PLI/RPLI?
• (A) CPC
• (B) Director of PLI
• (C) Divisional Head
• (D) Field Officers
4. The bonus rate for Whole Life Assurance under PLI from 01-04-2025 is:
• (A) ₹48 per ₹1000
• (B) ₹52 per ₹1000
• (C) ₹76 per ₹1000
• (D) ₹90 per ₹1000
5. What is the maximum sum assured under PLI for a person below 40 years?
• (A) ₹50 Lakhs
• (B) ₹25 Lakhs
• (C) ₹1 Crore
• (D) ₹75 Lakhs
6. Which type of PLI policy is a Money Back policy?
• (A) Endowment Assurance
• (B) Whole Life Assurance
• (C) Anticipated Endowment Assurance
• (D) Joint Life Assurance
7. What is the age limit for the Yugal Suraksha policy?
• (A) 19 to 55 years
• (B) 19 to 45 years
• (C) 21 to 45 years
• (D) 19 to 50 years
8. How many children are eligible for the Bal Jeevan Bima policy under PLI?
• (A) 1
• (B) 2
• (C) 3
• (D) 4
9. Which of the following is not an eligible profession for PLI coverage?
• (A) Doctor
• (B) Engineer
• (C) Private Sector Employees
• (D) Chartered Accountant
10. What is the bonus rate for Endowment Assurance (Santosh) from 01-04-2025?
• (A) ₹48 per ₹1000
• (B) ₹52 per ₹1000
• (C) ₹76 per ₹1000
• (D) ₹90 per ₹1000
11. What is the minimum entry age for the Endowment Assurance (Santosh) policy?
• (A) 18 years
• (B) 19 years
• (C) 20 years
• (D) 21 years
12. What is the maximum sum assured in the Children Policy (Bal Jeevan Bima) under RPLI?
• (A) ₹50,000
• (B) ₹1,00,000
• (C) ₹1,50,000
• (D) ₹2,00,000
13. How long is the validity of a medical certificate for PLI/RPLI policy issuance?
• (A) 45 days
• (B) 30 days
• (C) 60 days
• (D) 90 days
14. What is the loan interest rate for PLI policies?
• (A) 8% compounded annually
• (B) 9% compounded half-yearly
• (C) 10% compounded half-yearly
• (D) 12% simple interest
15. What is the term used when a PLI policy remains unpaid for more than 6 months within its first 3 years of existence?
• (A) Void
• (B) Lapsed
• (C) Cancelled
• (D) Suspended
16. How many premium payments are required for a policy to be considered "Paid Up" under PLI?
• (A) 24 months
• (B) 30 months
• (C) 36 months
• (D) 48 months
17. What is the minimum amount of loan that can be availed under PLI policies?
• (A) ₹500
• (B) ₹1,000
• (C) ₹2,000
• (D) ₹5,000
18. What additional premium is charged for policies issued based on non-standard age proof?
• (A) 2%
• (B) 5%
• (C) 10%
• (D) 12%
19. What is the rebate percentage for paying 12 months' premium in advance under RPLI?
• (A) 1%
• (B) 1.5%
• (C) 2%
• (D) 3%
20. Which of the following PLI policies offers periodic survival benefits?
• (A) Whole Life Assurance
• (B) Endowment Assurance
• (C) Anticipated Endowment Assurance
• (D) Joint Life Assurance
21. What is the maximum sum assured under PLI for employees aged above 40 years?
• (A) ₹50 Lakhs
• (B) ₹25 Lakhs
• (C) 7 times of annual income or ₹50 Lakhs whichever is less
• (D) ₹75 Lakhs
22. Which PLI policy provides insurance coverage to both spouses under a single premium?
• (A) Endowment Assurance
• (B) Whole Life Assurance
• (C) Joint Life Assurance (Yugal Suraksha)
• (D) Children Policy
23. What is the percentage of bonus for the Anticipated Endowment Assurance (Sumangal) from 01-04-2025?
• (A) ₹48 per ₹1000
• (B) ₹52 per ₹1000
• (C) ₹76 per ₹1000
• (D) ₹90 per ₹1000
24. Which policy term is not available under Endowment Assurance (Santosh) Policy?
• (A) EA45
• (B) EA55
• (C) EA60
• (D) EA75
25. In the event of the death of the policyholder, which policy pays full sum assured with accrued bonus, without considering survival benefits already paid?
• (A) Whole Life Assurance
• (B) Endowment Assurance
• (C) Anticipated Endowment Assurance
• (D) Joint Life Assurance
26. Which policy can be converted into Endowment Assurance after completion of 1 year?
• (A) Whole Life Assurance
• (B) Convertible Whole Life Assurance
• (C) Anticipated Endowment Assurance
• (D) Children Policy
27. How many nominees can be assigned under a single PLI policy?
• (A) Maximum two
• (B) Maximum three
• (C) Maximum four
• (D) Unlimited
28. What is the entry age for Children Policy (Bal Jeevan Bima)?
• (A) Minimum 5 years
• (B) Minimum 10 years
• (C) Minimum 15 years
• (D) Minimum 18 years
29. What is the premium rebate for paying six months in advance under RPLI?
• (A) 0.5%
• (B) 1%
• (C) 1.5%
• (D) 2%
30. What is the minimum survival benefit paid after completion of 4 years under the 10-year RPLI (Gram Priya) policy?
• (A) 10% of sum assured
• (B) 20% of sum assured
• (C) 25% of sum assured
• (D) 50% of sum assured
31. Who is the approving authority for issuing duplicate PLI/RPLI policy bonds?
• (A) CPC
• (B) Divisional Head
• (C) Director, PLI
• (D) Regional Postmaster
32. What is the revival period for a lapsed PLI policy?
• (A) 5 years from the date of first unpaid premium
• (B) 2 years from the date of first unpaid premium
• (C) 3 years from the date of first unpaid premium
• (D) 6 years from the date of first unpaid premium
33. Which of the following policies does not allow a loan facility?
• (A) Whole Life Assurance
• (B) Endowment Assurance
• (C) Children Policy
• (D) Joint Life Assurance
34. What is the grace period allowed for premium payment under PLI policies?
• (A) 15 days
• (B) 30 days
• (C) 45 days
• (D) 60 days
35. What is the rebate percentage for paying 12 months' premium in advance under PLI?
• (A) 0.5%
• (B) 1%
• (C) 2%
• (D) 3%
36. What is the surrender period for Whole Life Assurance policies under PLI?
• (A) After completion of 1 year
• (B) After completion of 2 years
• (C) After completion of 3 years
• (D) After completion of 5 years
37. What is the interest rate on defaulted installments under RPLI?
• (A) 10%
• (B) 12%
• (C) 15%
• (D) 8%
38. Which PLI policy allows alteration in the sum assured or premium?
• (A) Whole Life Assurance
• (B) Endowment Assurance
• (C) Joint Life Assurance
• (D) Convertible Whole Life Assurance
39. What is the minimum entry age for the Convertible Whole Life Assurance (Suvidha) policy?
• (A) 19 years
• (B) 21 years
• (C) 23 years
• (D) 25 years
40. Under which PLI policy is there a provision for medical re-examination for revival?
• (A) Endowment Assurance
• (B) Whole Life Assurance
• (C) Joint Life Assurance
• (D) Children Policy
Answer Key for English Questions:
1. (B) ₹20,0002. (C) 1884
3. (A) CPC
4. (C) ₹76 per ₹1000
5. (A) ₹50 Lakhs
6. (C) Anticipated Endowment Assurance
7. (C) 21 to 45 years
8. (B) 2
9. (C) Private Sector Employees
10. (B) ₹52 per ₹1000
11. (B) 19 years
12. (B) ₹1,00,000
13. (C) 60 days
14. (C) 10% compounded half-yearly
15. (B) Lapsed
16. (C) 36 months
17. (B) ₹1,000
18. (B) 5%
19. (C) 2%
20. (C) Anticipated Endowment Assurance
21. (C) 7 times of annual income or ₹50 Lakhs whichever is less
22. (C) Joint Life Assurance (Yugal Suraksha)
23. (A) ₹48 per ₹1000
24. (D) EA75
25. (C) Anticipated Endowment Assurance
26. (B) Convertible Whole Life Assurance
27. (B) Maximum three
28. (A) Minimum 5 years
29. (B) 1%
30. (B) 20% of sum assured
31. (A) CPC
32. (A) 5 years from the date of first unpaid premium
33. (C) Children Policy
34. (B) 30 days
35. (C) 2%
36. (C) After completion of 3 years
37. (B) 12%
38. (D) Convertible Whole Life Assurance
39. (A) 19 years
40. (C) Joint Life Assurance
22. (C) Joint Life Assurance (Yugal Suraksha)
23. (A) ₹48 per ₹1000
24. (D) EA75
25. (C) Anticipated Endowment Assurance
26. (B) Convertible Whole Life Assurance
27. (B) Maximum three
28. (A) Minimum 5 years
29. (B) 1%
30. (B) 20% of sum assured
31. (A) CPC
32. (A) 5 years from the date of first unpaid premium
33. (C) Children Policy
34. (B) 30 days
35. (C) 2%
36. (C) After completion of 3 years
37. (B) 12%
38. (D) Convertible Whole Life Assurance
39. (A) 19 years
40. (C) Joint Life Assurance
Post a Comment