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Practice Insurance Awareness Questions and Answers

Customer feels good irrespective of product he experiences ?
To which of the following thing we can do insurance?
Process of transferring life insurance to another person is called _____ of policy.
CSR in companies act means?
Nethanna Ku Bima insurance scheme is related which of the following state?
Which of the following is not the characteristics of price positioning?
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
What is the value of the bond whose Face value is Rs.1000 having a coupon rate of 10% when the required rate of return is 14%?
How many insurance companies were merged to form the Life Insurance Corporation of India?
What percent shares of New India Assurance Co Ltd is owned by Government of India?
In which year New India Assurance Co Ltd nationalized?
Name the first life insurance company to function in India?
Which among the following is the first Indian life insurance company to begin operations in India?
Which among the following is the oldest existing insurance company in India?
Name the first General Insurance Company in India?
The Insurance Act to govern both life insurance and non-life insurance was passed in which year?
Which of the following is the first life insurance company in India?
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
The Oriental Insurance Company Ltd was founded in which year?
How many companies were merged to form the United India Insurance Company (UIIC)?
The Agriculture Insurance Company of India Limited was incorporated on?
The Life Insurance Business is defined in which section of the Insurance Act, 1938?
Which country is the first in the world to introduce the concept of Insurance Repository services?
The headquarters of Agriculture Insurance Company is located in?
“Prithvi, Agni, Jal, Akash, SabkiSurakshaHamarePaas” is the tagline of which insurance company?
What is the insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter?
What is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster?
Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called?
What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
__________ in insurance is the splitting or spreading of risk among multiple parties.
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is term...
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as?
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependents is called?
Coverage against loss through stealing by individuals not in a position of trust is called?
The result of the policyholder’s failure to buy sufficient insurance is termed as?
Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in th...
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business is ...
A form of reinsurance that indemnifies the ceding company for the accumulation of losses in excess of a stipulated sum arising from a single catastrophic e...
What is a form of non-proportional reinsurance?
A type of insurance often used for high frequency low severity risks where risk is not transferred to an insurance company but retained and accounted for i...

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