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Insurance Awareness Quiz 7 (30 MCQs)

Quiz Instructions

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1. ..... is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" of years
2. What is the Full form of GIVE?
3. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What it is called?
4. Which bank recently became the first bank in India to fully own an insurance business?
5. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
6. What does the letter 'S' denote in the term IFSC?
7. Which section of the Indian Insurance Act 1938 provides for nomination of a person?
8. A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called .....
9. Which of the following was the parent company of New India Assurance?
10. The one who will get the insured amount if you die, is referred to as
11. Portion of an auto insurance policy that protects a policyholder from uninsured and hit-and-run drivers is known as .....
12. Which of the following term is not used in insurance sector?
13. ..... is the amount of money an insurance policy guarantees to pay before any bonuses are added.
14. ..... is the amount you pay to the insurance company to buy a policy.
15. A policy that is made mandatory for the customer to buy is called .....
16. Which of the following insurance compensates for the cost of repairing or replacing defective products past the normal warranty period provided by manufacturers?
17. "THODA SIMPLE SOCHO" is the tagline of which insurance company?
18. ..... is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder.
19. ..... is the sole reinsurance company in the Indian Insurance market with over four decades of experience.
20. Risks that affect simultaneously a great number of policyholders is called .....
21. Which include claims that have been incurred but not reported?
22. Funds that a lender collects to pay monthly premiums in mortgage and home owners insurance, and sometimes to pay property taxes is called .....
23. According to the recently passed Insurance Laws (Amendment) Bill 2015, FDI in Insurance Sector is
24. National Insurance Academy located in .....
25. An organization such as a bank or insurance company that buys and sells large quantities of securities is called .....
26. "Rest Assured with Us" is the tagline of which insurance company?
27. Which of the following is not the name of an Insurance Scheme launched by the Government of India
28. The conversion of insurance companies from mutual companies owned by their policyholders into publicly traded stock companies is termed as .....
29. Who among the following can take Fire policy?
30. The punch line of the advertisement of which of the following organization is "Jindagi ke sath bhi Jindagi ke bad bhi" ?
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