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Practice Insurance Awareness Questions and Answers

New India Assurance Co Ltd is a type of ?
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
Which of the following is a reinsurance company in India?
Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap and...
What are the assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire?
An agreement between an insurance company and an agent, granting the agent authority to write insurance from that company is called?
A property or liability insurance contract in which all risks of loss are covered is called?
The free-look period is of how many days ?
The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium payment i...
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
Which section of the Indian Insurance Act 1938 provides for nomination of a person?
The maturity age of a whole life policy is?
Which committee is associated with insurance sector ?
_____________ is the only public sector company in the field of life insurance in India
Which of the following organization provides export credit insurance support to Indian exporters?
Section 39 of Insurance Act related with which of the following ?
Which type of insurance policy provides additional coverage to easily movable property ?
Which among the following banks is a subsidiary of the Life Insurance Corporation of India (LIC)?
Which of the following is NOT a duty of an insured after an auto accident covered under the Personal Auto Policy (PAP)?
Which of the following is not the name of an Insurance Scheme launched by the Government of India?
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements begin...
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 ...
A missing person is considered to be dead after how many years of missing ?
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?
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 ?

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