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...