Question
What is the purpose of a "No Claim Bonus" in motor
insurance?Solution
The correct answer is B. To reward drivers with a good driving record. No Claim Bonus is a discount offered by insurers to policyholders who have not made any claims during the policy period.
Which of these changes would typically require an endorsement?
The 'Insured's Declaration' form is typically filled by:
In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured’s death is termed as?
Market is a place of ______.
Which of the following insurance is mandatory for all vehicles plying on public roads in India?
Which part of the policy includes details such as policy duration and limits of liability?
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
The 'Act Only' policy covers:
_____ is the length of time after a premium is due and unpaid during which the policy, including all riders, remains in force.
