Insurance Quiz

Insurance Quiz

11th - 12th Grade

19 Qs

quiz-placeholder

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Insurance Quiz

Insurance Quiz

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Medium

Created by

Dave Gledhill

Used 4+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct definition of insurance?

Insurance is a type of investment for wealth accumulation.
Insurance is a government program that provides free healthcare.
Insurance is a contract that provides financial protection against losses.
Insurance is a service that guarantees profit in business ventures.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the main benefit of insurance?

Financial protection against unforeseen events
Tax deductions on all expenses
Free healthcare services
Guaranteed income for life

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The mandatory payment that is made towards the cost of making an insurance claim is called the...

deductible
excess
co-payment
premium

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a recognised type of insurance in the UK?

alien insurance
life insurance
travel insurance
pet insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of the regular payments which are made towards an insurance policy?

Deductibles
Co-payments
Coverage limits
Premiums

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might someone be refused life insurance?

Having a stable job
Being a non-smoker
Age under 30
Pre-existing health conditions or high-risk activities.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these countries has the highest cost of travel insurance when travelling from the UK?

Canada
Australia
Germany
USA

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