Goa Board Class 12 Question Paper 2025 Insurance II

2025 II 13 0930 Seat No.

Time : 2 Hours INSURANCE–II
Subject Code

V 4 2 3 5

Total No. of Questions : 23 (Printed Pages : 4) Maximum Marks : 50

INSTRUCTIONS : (i) There are four sections in the question paper (A, B,
C and D) consisting of 23 questions.

(ii) In Section A there are eight questions of which question
nos. 1 to 4 are Multiple Choice Questions, question nos.
5 and 6 are to be answered in one word, phrase or figure
and question nos. 7 and 8 are to be answered in one
sentence each.

(iii) Attempt all the questions, however internal choice is
given for question numbers 20 and 23.

(iv) Figures to the right indicate marks allotted to each
question.

(v) Write the number of each question clearly on the answer
book.

Section-A

1. Under Reinstatement Value Policy, reinstatement work shall be completed
within the period of .............................. 1

• 6 months

• 12 months

• 10 months

• 15 months

2. Marine Insurance Act was passed in the year .................. . 1

• 1953

• 1973

• 1963

• 1983

3. The minimum age required to drive motor vehicle is ................. . 1

• 15 years

• 16 years

• 17 years

• 18 years

4. If the confirmed employees are 118 in a company, then the minimum number

required to join Salary Savings Scheme is ................ . 1

• 24

• 25

• 26

• 27

State the maximum period within which the lapsed policy is revived. 1

6. What is Office Premium ? 1

7. What is Tontine Bonus ? 1

8. What does L.P.A.I stand for with reference to Insurance Laws and Regulations.

1

Section B

Bring out the significance of “Right of Entry” condition under Fire Insurance
Policy. 2

10. Mention any four excluded properties under Fire Insurance Policy. 2

11. Explain Bill of Lading with reference to Marine Insurance Contract. 2

12. What are the features of Janta Personal Accident Insurance ? 2

13. Explain briefly “Suicide Clause” under Life Insurance Contract. 2

14. Define the Risk Premium under Life Insurance Policy. 2

Section-C

15. Explain any three duties of insured towards claim procedure under Fire
Insurance Policy. 3

17. Explain Interim Bonus in Life Insurance Contract. 3

18. Explain any three rights of consumer under Consumer Protection Act. 3

19. Describe the purpose of Married Women Property Act under Life Insurance
Contract. 3

Or

Bring out the significance of Whole Life Policy under Life Insurance Contract.

Section D

21. Explain the following : 4

(a) Time policy

(b) Floating policy.

22. Explain the provisions of Motor Vehicle Act 1939. (any four) 4

23. List out any four points of distinguish between Nomination and Assignment.

4

Or

Explain the circumstances under which the death or disability benefits are

not granted under Life Insurance Contract.