Insurance Awareness mcq questions and answers for competitive exams

'With Us, You're Sure' is the tagline of which insurance company?

Any insurance risk resulting from a human decision is called

How much maximum amount that is insured by ' deposit insurance ' credit corporation (DICGC) -

A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations is called

With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?

A person who identifies, examines & classifies the degree of risk represented by a proposed insured in order to determine whether or not coverage should be provided and, if so, at what rate is called

The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium payment is termed as

Who among the following can take Fire policy?

is a policy contract that for some reason specified in the policy becomes free of all legal effect.

An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called

When was the Oriental Life Insurance Company established?

Which of the following insurance plan is not launched by LIC?

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

is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster.

Risks that affect simultaneously a great number of policyholders is called