General Insurance Quiz

Which of the following is NOT a type of Life Insurance?

• Term Insurance

• Whole Life Insurance

• Endowment Insurance

• Property Insurance

What is the main focus of General Insurance?

• Health benefits

• Investment returns

• Property and liability coverage

• Life coverage

What is the purpose of Non Claim Discount (NCD) in motor insurance?

• To give a reward to the claimless insured

• To give bonus to the insurance company

• To provide customer service

• To assess the risk of the insurre

These are the types of Liability Insurance, Except

• Public Liability

• Money Insurance

• Product Liability Insurance.

• Fidelity Guarantee Insurance

These are the coverage for a comprehensive car insurance,except

• Own Damages

• Third party death

• Third party injuries

• Windscreen

What is the main benefit of Health Insurance?

• Covers property damage

• Provides periodic payments for disability

• Covers loss of income

• Offers investment opportunities

Which type of insurance covers loss or damage to goods in transit?

• Marine Insurance

• Health Insurance

• Life Insurance

• Property Insurance

What is the primary focus of Public Liability Insurance?

• Covers employee injuries

• Protects against claims from third parties

• Insures property against fire

• Covers personal accidents

What does the term 'deductible' mean in insurance?

• The upfront payment before coverage kicks in

• The amount paid by the insurer

• The total premium amount

• The limit of coverage

What is the purpose of Critical Illness Insurance?

• To provide a lump sum payment upon diagnosis of critical illness

• To cover medical expenses

• To insure property against theft

• To cover funeral expenses