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WorksheetsFinance Unbox-ED ($) - Grade 3-5 - Session 016 - Quiz 1
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Select the statement that is true
a)
Insurance is a type of protection that a company offers you to protect you from losses
b)
Insurance companies charge a small amount of money each year called premium
c)
Both of the above
d)
None of the above
2.
Select the statement that is true
a)
Insurance companies protect us for free for essential services
b)
When we ask an insurance company to pay us for our loss it is called a claim
c)
Both of the above
d)
None of the above
3.
Select all the statements that are true about health insurance
a)
Covers us for our medical bills in case we are not well and require treatment
b)
Policy amount is the minimum amount the health insurance company will pay you
c)
Higher the policy amount higher is the premium for health insurance
d)
All of the above
4.
Health insurance covers all medical expenses without any exclusions
a)
True
b)
False
5.
Health insurance premiums go up over time as we become older since the risk of hospitalization tends to be higher as we become older
a)
True
b)
False
6.
Select the statement that is true about motor insurance
a)
Covers us for our cost of repair in case of an accident
b)
Covers us for buying a new music system that we like for the car
c)
Both of the above
d)
None of the above
7.
Select the statement that is true about motor insurance
a)
Covers us for the insured value of the car in case of theft
b)
Covers us for for any third party claims
c)
Both of the above
d)
None of the above
8.
If you drive carefully and do not make a claim, insurance companies offer you a discount on premium the next year as they then see you as a low risk customer
a)
True
b)
False
9.
Select all the statements that are true about property insurance
a)
Covers you for any loss to your property due to things such as fire and theft
b)
Premiums paid are linked to value of the property so higher the value higher is the premium
c)
Premiums are higher if property has higher risk of loss due to weather or fire
d)
All of the above
10.
Insurance is important as it allows you to get protection against a big expense by paying a small premium every year
a)
True
b)
False
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