Insurance related questions

"A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against" is technically known as ?

• Death coverage

• Life insurance

• Saving for future

• Provident fund

Which of the following is the regulator of insurance sector in India?

• RBi

• AMFI

• IRDA

• SEBI

Which of the following is the regulator of insurance sector in India?

• Indemnity

• Coverage

• Misuse alert

• Annuity

Which of the following public sector companies/organizations provides insurance cover to exporters?

• ECGC

• NABARD

• SIBDI

• IRDA

The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

• Instalment

• Contribution

• Premium

• EMI

Which of the following is/are the various types of insurance?

• Life insurance

• Health insurance

• Liability insurance

• All of three above

Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?

• Life insurance corporation

• Oriental insurance company

• New India assurance

• General insurance company

The written insurance contract that may include all clauses, riders and endorsements. It is called?

• Installment

• Premium

• Policy

• Asset

Headquarter of LIC is situated at:

• Kolkata

• Delhi

• Mumbai

• Hyderabad

Which one of the following does not belong to the main products of life insurance?

• Term

• Whole life

• Endowment

• Personal accident insurance