Practice Insurance Awareness Questions and Answers
- Which among these is not a type of General Insurance plans? I. Motor Insurance II. Marine Insurance III. Health Insurance IV. Commercial Insurance Cho...
- Who determines the third-party insurance premium of the two-wheelers?
- Consider the following statement: I. NCB is given to the insured and not to the insured vehicle. II. On transfer of the vehicle, the insurance policy can...
- As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
- Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
- A motor policy is usually valid for a period of ____ year and has to be renewed before the due date.
- There is unlimited coverage to Third parties injury and Third party property damage is covered up to a sum of Rs ______.
- Third Party Liability Premium rates are laid down by _______.
- Which of the following insurance is mandatory for all vehicles plying on public roads in India?
- Which of the following are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies?
- How much Foreign direct investment (FDI) is allowed in Insurance Repository?
- Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
- Which of the following is a policy document which is an evident of insurance contract issued by an insurer digitally signed in accordance with the applicab...
- IRDAI has introduced the concept of insurance repository in the year_____.
- Which of the following committees recommended the introduction of the Rural Postal Life Insurance?
- Which of the following categories of people will NOT be covered under Postal Life Insurance?
- Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life coverage available until the age of ______.
- Under the Sampoorna Gram Bima Yojana, what is the minimum number of households to be covered in one village?
- Which of the following plans is NOT offered by Postal Life Insurance?
- Which of the following CANNOT be undertaken as a function by the India Post Payment Bank?
- Consumer Protection Act deals with:
- One of the methods of reducing insurance cost of an insured is __________.
- In India _______________ insurance is mandatory.
- _______________ is not an indicator of service quality.
- Which among the following is not a characteristic of ethical behaviour?
- Which among the following is not an element of active listening?
- What does not go on to make a healthy relationship?
- As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
- Identify the scenario where a debate on the need for insurance is not required.
- What is meant by customer lifetime value?
- Which of the below option best describes the process of insurance?
- Why do insurers arrange for survey and inspection of the property before acceptance of a risk?
- When a single insurance company offers both life and non- life insurance policies then what does it known as?
- The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
- A survey which is held to determine a properties insurable value is known as?
- In order to monitor and control solvency requirements, it has been made mandatory to the insurers to submit solvency report on _______ basis.
- Which Section of the IRDAI Act,1999 specifies the Duties, Powers and functions of the Authority?
- Consider the following statement: I. Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee. II. Insurance Advisory Co...
- How many part-time members is appointed by the Government of India in the Composition of IRDAI?
- What is the maximum sum assured in life micro insurance product?