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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?

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