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Insurance Awareness Quiz 10 (20 MCQs)

Quiz Instructions

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1. Which of the following is the regulator of insurance sector in India?
2. A survey to determine a property's insurable value, or the amount of a loss is termed as .....
3. The headquarters of National Insurance Company Ltd (NIC) is located in
4. The government has allowed issue of Long-Term Bonds for Insurance Companies and others upto
5. A company owned by its policyholders that returns part of its profits to the policyholders as dividends is known as .....
6. ..... is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" of years
7. What is the Full form of GIVE?
8. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What it is called?
9. Which bank recently became the first bank in India to fully own an insurance business?
10. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
11. What does the letter 'S' denote in the term IFSC?
12. Which section of the Indian Insurance Act 1938 provides for nomination of a person?
13. 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 .....
14. Which of the following was the parent company of New India Assurance?
15. The one who will get the insured amount if you die, is referred to as
16. Portion of an auto insurance policy that protects a policyholder from uninsured and hit-and-run drivers is known as .....
17. Which of the following term is not used in insurance sector?
18. ..... is the amount of money an insurance policy guarantees to pay before any bonuses are added.
19. ..... is the amount you pay to the insurance company to buy a policy.
20. A policy that is made mandatory for the customer to buy is called .....
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