Practice Insurance Awareness Questions and Answers

• 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 ?
• 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?
• What does R stands for in SARFAESI?
• What is the abbreviation of GAAR?
• What is the abbreviation of IMCA?
• 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_______.