Insurance
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Insurance questions with answers

752 multiple-choice questions. Open any question for its answer and explanation.

  1. Which of the following form is designed to be used by many different insurers and has exactly the same provisions?
  2. What is the CRISIL rating for New India Assurance Co Ltd located?
  3. Which of the following type of insurance product are available in New India Assurance Co Ltd located?
  4. The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
  5. Where is the head office of Agriculture Insurance Company of India Limited (AIC)?
  6. IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956. What is the meaning of "B" in IBAI?
  7. The written insurance contract that may include all clauses, riders and endorsements. It is called?
  8. Agriculture Insurance Company Of India Limited (AIC) was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
  9. _________, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
  10. UHIS has launched by the Government of India is already in existence for persons and families below the poverty line with the element of subsidy from the Government. UHIS stands for-
  11. Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
  12. Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-
  13. Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
  14. When did insurance begin in Babylon?
  15. Which one of the following does not belong to the main products of life insurance?
  16. Which one of the following does not belong to the major general insurance private sector companies in India?
  17. 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 _________
  18. An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called _________
  19. The concept of insurance involves a transfer of
  20. Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
  21. The main role of an underwriter in a non-life insurance company is normally to
  22. Akshat is a relatively cautious person. In insurance terms, this will normally increase the likelihood that he will
  23. How are perils and hazards normally distinguished under term insurance policies?
  24. In insurance terms, the risk of suffering a disability is best described as what type of risk?
  25. For a household insurance policy, insurable interest need only exist at outset and at what other point?