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Insurance Awareness Quiz 11 (20 MCQs)

Quiz Instructions

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1. Which include claims that have been incurred but not reported?
2. Funds that a lender collects to pay monthly premiums in mortgage and home owners insurance, and sometimes to pay property taxes is called .....
3. According to the recently passed Insurance Laws (Amendment) Bill 2015, FDI in Insurance Sector is
4. National Insurance Academy located in .....
5. An organization such as a bank or insurance company that buys and sells large quantities of securities is called .....
6. "Rest Assured with Us" is the tagline of which insurance company?
7. Which of the following is not the name of an Insurance Scheme launched by the Government of India
8. The conversion of insurance companies from mutual companies owned by their policyholders into publicly traded stock companies is termed as .....
9. Who among the following can take Fire policy?
10. The punch line of the advertisement of which of the following organization is "Jindagi ke sath bhi Jindagi ke bad bhi" ?
11. Which term referring to property coverages for the perils of burglary, theft and robbery?
12. The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called .....
13. ..... is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster.
14. Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later is known as .....
15. ..... is a form of non-proportional reinsurance.
16. Which is used to determine the actual cash value of property at time of loss?
17. ..... is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific parties.
18. The New India Assurance Company was established in 1919 by
19. A property or liability insurance contract in which all risks of loss are covered is called .....
20. Which of the following is largest Non Life Insurance Company in India?
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