Insurance Quiz!!!

What is the primary purpose of insurance?

• Generate profits for insurance companies

• Provide financial protection against potential losses

• Lower taxes for policyholders

• Guarantee investment returns

What is the contract between the insured and the insurance company called?

• Claim Settlement

• Insurance Policy

• Premium Agreement

• Risk Management Plan

What do you call the payment made by policyholders to maintain their insurance coverage?

• Premiums

• Deductibles

• Claims

• Co-payments

A person who represents an insurance company and

offer policy options to a prospective client is called?

• Surveying Agent

• Investigator

• Claims Advisor

• Insurance Agent

Which type of insurance protects cover you for financial protection

against physical damage or bodily injury resulting from a traffic accident?

• Life Insurance

• Health Insurance

• Travel Insurance

• Motor Insurance

Which type of insurance protects you against unforeseen

losses when you are on holidays overseas?

• Travel Insurance

• Workmen Injury Compensation Insurance

• Property Insurance

• Motor Insurance

Which Regulatory body oversees the insurance industry in Singapore?

• Central Provident Fund Board (CPF)

• Economic Development Board (EDB)

• Civil Aviation Authority of Singapore (CAAS)

• Monetary Authority of Singapore (MAS)