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Practice Insurance Awareness Questions and Answers

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?
After a process of mergers among Indian insurance companies, how many companies were left as fully owned subsidiary companies of GIC?
IRDAI has the power to frame regulations under which of the following Section of the Insurance Act, 1938?
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
Which of the following public sector company have the highest shareholding in Agriculture Insurance Company of India Limited (AIC)?
The establishment of Agriculture Insurance Company of India Limited (AIC) was announced in which General Budget speech?
Agriculture Insurance Company of India Limited was incorporated with an authorised share capital of INR ______ billion.
The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to _____...
In India, insurance has a deep-rooted history. It finds mention in the writings of?
In which of the following year the Insurance Amendment Act abolished Principal Agencies?
General insurance public sector association (GIPSA) is an association of four public sector general insurance companies?
Which of the following institution was setup with the objective of promoting exports from the country by providing credit risk insurance and related servic...
Which of the following government increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%?
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?
The Insurance Institute of India (Regd.) formerly known as?
Which of the following institution was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as ____________?
Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy...
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.
Percentage of each premium rupee that goes to insurers expenses including overhead, marketing and commissions is called ____.

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