Practice Insurance Awareness Questions and Answers

• The free-look period is of how many days ?
• The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium payment i...
• The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
• What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
• Which section of the Indian Insurance Act 1938 provides for nomination of a person?
• The maturity age of a whole life policy is?
• Which committee is associated with insurance sector ?
• The first ULIP was launched by which of the following ?
• An Insurance company has been in business for how many years to launch IPO ?
• In 2016 , First IPO launched by which insurance company ?
• _____________ is the only public sector company in the field of life insurance in India
• Which of the following organization provides export credit insurance support to Indian exporters?
• Which bank becomes the first bank to set up a wholly-owned non-life insurance company?
• Section 39 of Insurance Act related with which of the following ?
• Which type of insurance policy provides additional coverage to easily movable property ?
• Which among the following banks is a subsidiary of the Life Insurance Corporation of India (LIC)?
• Which of the following is NOT contained in the Declarations page of the Personal Auto Policy (PAP)?
• Which of the following is NOT a duty of an insured after an auto accident covered under the Personal Auto Policy (PAP)?
• 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...
• SWIFT provides a network that enables financial institutions worldwide to send and receiveinformation about financial transactions securely. It is headquar...
• 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 ...
• The Non-Governmentorganizations(NGO) helps the insurance industry mainly in?
• A missing person is considered to be dead after how many years of missing ?
• Which Insurance Company started its operation in the year in which India got Independence?
• 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?
• Which one of the following does not belong to the main products of life insurance?
• 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 ?