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Insurance Awareness Quiz 1 (20 MCQs)

Quiz Instructions

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1. What is the maximum claim amount for an Insurance Ombudsman complaint?
2. A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called .....
3. An individual receiving benefits under an annuity is called .....
4. The headquarters of New India Assurance is located in .....
5. The portion of an insurance premium that reflects the basic costs of loss, not including over-head or profit is called .....
6. Risks for which it is difficult for someone to get insurance is called .....
7. How many maximum children from a family are covered for the benefits under the Shiksha Sahyog Yojana launched by the LIC?
8. The main feature of the National Agricultural Insurance Scheme is to insure which of the following?
9. The Complaint to Insurance Ombudsman must be registered within ..... year(s)
10. "Zimmedari ka humsafar" is the tagline of which insurance company?
11. ..... is a fidelity bond that covers all employees of a given class and may also cover perils other than infidelity.
12. In which year IRDA was constituted?
13. Which of the following insurance is mainly used for leased cars?
14. ..... is a coverage for the policyholder's own property or person.
15. IDC stands for .....
16. Personal and business property coverage combining several types of property insurance in one policy is called .....
17. The amount of risk retained by an insurance company that is not reinsured is termed as .....
18. Headquarter of General Insurance's Public Sector Association of India is situated?
19. Which of the following insurance companies writes its punch line in the advertisements "Insurance is the subject matter of solicitation" ?
20. The headquarters of Oriental Insurance Company is located in .....
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