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Worksheets

Insurance related questions

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

"A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against" is technically known as ?

a)

Death coverage

b)

Life insurance

c)

Saving for future

d)

Provident fund

2.

Which of the following is the regulator of insurance sector in India?

a)

RBi

b)

AMFI

c)

IRDA

d)

SEBI

3.

Which of the following is the regulator of insurance sector in India?

a)

Indemnity

b)

Coverage

c)

Misuse alert

d)

Annuity

4.

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

a)

ECGC

b)

NABARD

c)

SIBDI

d)

IRDA

5.

The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

a)

Instalment

b)

Contribution

c)

Premium

d)

EMI

6.

Which of the following is/are the various types of insurance?

a)

Life insurance

b)

Health insurance

c)

Liability insurance

d)

All of three above

7.

Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?

a)

Life insurance corporation

b)

Oriental insurance company

c)

New India assurance

d)

General insurance company

8.

The written insurance contract that may include all clauses, riders and endorsements. It is called?

a)

Installment

b)

Premium

c)

Policy

d)

Asset

9.

Headquarter of LIC is situated at:

a)

Kolkata

b)

Delhi

c)

Mumbai

d)

Hyderabad

10.

Which one of the following does not belong to the main products of life insurance?

a)

Term

b)

Whole life

c)

Endowment

d)

Personal accident insurance

11.

Insurance Repository services launched in India in September 2013. this service enables policyholders to keep their policies in electronic format.these services were launched by which of the following?

a)

Life insurance corporation of India

b)

IRDA

c)

SEBI

d)

RBI

12.

To use life insurance policy benefits as collateral for a loan is called ______

a)

A surrender value

b)

Paid-up value

c)

Collateral assignment

d)

Maturity claim

13.

MAMATA BANERJEE belong to which party?

a)

CPI

b)

TMC

c)

AITC

d)

AMB

14.

YDM stand for (Tata strive ) ?

a)

You disgust me

b)

Youth development module

c)

Your daily media

d)

Young Democrats of Maryland

15.

Largest Life Insurance Company in India is:

a)

The new india assurance company limited

b)

Life insurance corporation of india

c)

United india corporation company limited

d)

National insurance company limited