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Practice Insurance Awareness Questions and Answers

Which of the following is not the name of an Insurance Scheme launched by the Government of India?
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements begin...
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
A Mutual Fund’s SIP is essentially a staggered payment over a defined period of time with a defined contribution by the investors. What is the expansion ...
A missing person is considered to be dead after how many years of missing ?
A insurer advertises through daily newspaper. What type of marketing is
What is the maximum Time in which the insurer should settle a claim when all documents are submitted?
In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
A seller’s market in which insurance is expensive and in short supply is termed as?
Life Insurance Corporation of India provides its policy holders the facility to deposit premium at which of the following intervals?
Which of the following terms is NOT associated with insurance?
As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?...
How many maximum children from a family are covered for the benefits under the ShikshaSahyogYojana launched by the LIC ?
Which amongst the following is not an insurance company functioning in India?
The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
Which of the following is/are the various types of insurance? 1. Life insurance 2. Health insurance 3. Liability insurance
Which of the following types of companies/organisations issue ULIP?
If an organization wishes to venture into Insurance Business it has to obtain a licence firstfrom which of the following ?
Insurance Repository is a company formed and registered under which act?
What is the CRISIL rating for New India Assurance Co Ltd ?
Which of the term is the used when a policy has lapsed due to non-payment of premium?
What is the abbreviation of ADB in insurance?
The Life Insurance Companies Act was passed in which year?
The Life Insurance Corporation of India (LIC) came into existence in which year?
The central office of the Life Insurance Corporation of India (LIC) is located at?
The General Insurance Business in India was nationalized in which year?
How many public sector life insurance companies are functional in India?
In 1818, India’s first insurance company Oriental Life Insurance Company was established in which city?
The Insurance Act has __________sections and ______ schedules.
After which of the following year the Government of India started publishing returns of Insurance Companies in India?
Insurance is listed in which schedule of the Indian constitution ?
In which year, the Actuaries Act was passed by Indian government?
The Indian insurance industry is governed by which of the following act ?
In which year all shares of Oriental Insurance Company Ltd. held by the General Insurance Corporation of India were transferred to the Central government?
Oriental Insurance Company Ltd. was a subsidiary of Life Insurance Corporation of India from 1956 to_______.
The General Insurance Corporation of India was incorporated as a company in which year?
GIC was ceased to be a holding company of its subsidiaries in which of the following year?
What is the new name of Religare Health Insurance Company Limited?
The ownership of the four erstwhile subsidiary companies and also of the General Insurance Corporation of India was vested with?
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?

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