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Insurance Awareness Quiz 7 (20 MCQs)

Quiz Instructions

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1. A form of annuity that ends payments when the annuitant dies is termed as .....
2. Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?
3. A person who holds something in trust for another is known as.....
4. An amount of premium for which payment has been made by the policyholder but coverage has not yet been provided is known as .....
5. Once an insurance company has paid up to the limit, it will pay no more during that year is known as .....
6. Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underwriting component is called .....
7. Circumstance including possibility of loss or no loss but no possibility of gain is termed as .....
8. Which of the following public sector companies/organizations provides insurance cover to exporters?
9. Which of the following is the only public sector company in the field of life insurance?
10. The headquarters of IRDAI is located in .....
11. A written form attached to an insurance policy that alters the policy's coverage, terms, or conditions is termed as .....
12. An individual who sells, services, or negotiates insurance policies either on behalf of a company or independently is called .....
13. The headquarters of Agriculture Insurance Company is located in .....
14. An auto-mobile insurance option, available in some states, that covers the difference between a car's actual cash value when it is stolen or wrecked and the amount the consumer owes the leasing or fin
15. A policy for which the premiums do not change for the entire duration of the policy.
16. ..... in insurance, is the splitting or spreading of risk among multiple parties.
17. The headquarters of Export Credit Guarantee Corporation of India is located in
18. .....are assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire.
19. ..... is reinsurance for a single risk or a defined package of risks.
20. When was the Export Credit Guarantee Corporation of India established?
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