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Insurance

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Insurance offers

a)

Financial Protection

b)

Profit

c)

Discount

d)

Prizes

2.

The money you pay to an insurance company

a)

Compensation

b)

Premium

c)

Profit

d)

Money

3.

Which of the following is NOT an insurance company

a)

AIG

b)

Aviva

c)

Vodafone

d)

Laya

4.

Which of the following is NOT a principle of insurance

a)

Indemnity

b)

Subrogation

c)

Utmost Good Faith

d)

Compensation

5.

You can make a profit of insurance

a)

True

b)

False

6.

Motor insurance is insurance for

a)

People

b)

Vehicles

c)

Health

d)

Houses

7.

Paying extra on insurance is called

a)

Premium

b)

Third party

c)

Loading

d)

Compensation

8.

The person who takes out insurance

a)

1st party

b)

2nd party

c)

3rd party

9.

Which is NOT a policy for life assurance

a)

Term Policy

b)

Whole-life policy

c)

Time policy

d)

Endowment policy

10.

I would insure something that doesn't benefit me

a)

Yes

b)

No

11.

Utmost Good Faith means

a)

Time

b)

Goodness

c)

Honesty

d)

Love

12.

Something that's too damaged to insure is called

a)

Loading

b)

Write-off

c)

No claims bonus

d)

Premium