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Insurance Awareness Quiz 4 (20 MCQs)

Quiz Instructions

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1. ..... is legal contract in which the outcome depends on an uncertain event.
2. "Yogakshemam Vahamyaham" is the tagline of which insurance company?
3. A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as .....
4. The ratio of losses incurred to premiums earned actually experienced in a given line of insurance activity in a previous time period is called .....
5. In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured's death is termed as .....
6. "Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas" is the tagline of which insurance company?
7. IRDA is associated with?
8. An endorsement added to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in a basic policy is termed as .....
9. What is the expanded form of the term ALM used in banking sector?
10. Which is a liability coverage for contents within a renter's residence?
11. The conversion of the account balance of a deferred annuity contract to income payments is termed as .....
12. The person other than the insured or insurer who has incurred losses or is entitled to receive payment due to acts or omissions of the insured is called .....
13. A single Insurance company offers both life and non-life policies is known as .....
14. A standing agreement between insurers and re-insurers. Under a treaty each party automatically accepts specific percentages of the insurer's business is termed as .....
15. This broad type of coverage was developed for shipments that do not involve ocean transport is known as .....
16. Insurance coverage for more than one item of property at a single location, or two or more items of property in different locations is known as .....
17. ..... is a life insurance policy that remains in force for the policyholder's lifetime.
18. A legal concept that holds gun manufacturers liable for the cost of injuries caused by guns. Several cities have filed lawsuits based on this concept is termed as .....
19. A demand made by the insured, or the insured's beneficiary, for payment of the benefits as provided by the policy is known as .....
20. An insurance cover that is linked with credit activities and aims to protect the credit is called .....
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