Question 1
Under the IRDAI Master Circular on Health Insurance Business (29 May 2024), what is the maximum waiting period an Indian insurer may impose for a Pre-Existing Disease (PED)?
Correct Answer:
36 months
Question 2
Following the 2024 IRDAI reforms, after how many continuous policy years does the moratorium provision prevent an insurer from contesting a health claim on grounds of non-disclosure or misrepresentation (except established fraud)?
Correct Answer:
5 years
Question 3
The IRDAI (Insurance Products) Regulations, 2024 require that, before product approval, due diligence on capital, profitability, underwriting and reinsurance risks be recorded by which body within the insurer?
Correct Answer:
The Product Management Committee
Question 4
A health insurer offers an indemnity hospitalisation product reimbursing actual costs subject to a sum insured. Which principal risk is MOST directly transferred to the insurer under this design compared with a fixed-benefit (Hospital Cash) product?
Correct Answer:
Medical inflation and cost-escalation risk
Question 5
When pricing a long-term care (LTC) product, which actuarial assumption is generally the MOST material driver of cost and the most difficult to estimate reliably?
Correct Answer:
Disability/morbidity transition intensities and recovery rates
Question 1
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Prepare with the IAI SA1 Practice Questions - IAI Subject SA1 Health and Care Specialist Advanced Exam practice quiz. This question bank includes 100 questions covering health, insurer, product, claims, and risk. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IAI SA1 Practice Questions - IAI Subject SA1 Health and Care Specialist Advanced Exam

This practice set contains 100 questions from the matching question bank and focuses on health, insurer, product, claims, and risk. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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