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General Knowledge :: Insurance Awareness

  1. In which among the following year National Insurance Company Limited (NICL) was incorporated?
  2. A.
    1906
    B.
    1956
    C.
    1934
    D.
    1919

  3. The written insurance contract that may include all clauses, riders and endorsements. It is called?
  4. A.
    Installment
    B.
    Premium
    C.
    Policy
    D.
    Assets

  5. Agriculture Insurance Company Of India Limited' (AIC was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
  6. A.
    Companies Act, 1956
    B.
    SEBI Act, 1992
    C.
    IRDA Act, 1999
    D.
    Reserve Bank of India Act, 1934

  7. __________, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
  8. A.
    Customer
    B.
    Cashier
    C.
    Broker
    D.
    Banker

  9. UHIS has launched by the Government of India is already in existence for persons and families below the poverty line with the element of subsidy from the Government. UHIS stands for-
  10. A.
    Universal Health Insurance Solutions
    B.
    Universal Health Insurance Scenario
    C.
    Universal Health Insurance Scheme
    D.
    Universal Health Insurance System

  11. Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
  12. A.
    20th December 2004
    B.
    20th December 2002
    C.
    20th December 1999
    D.
    20th December 2007

  13. Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-
  14. A.
    USA
    B.
    Japan
    C.
    France
    D.
    Germany

  15. Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
  16. A.
    Insurance Regulatory and Development Authority of India (IRDAI)
    B.
    National Bank for Agriculture and Rural Development (NABARD)
    C.
    General Insurance Corporation of India (GIC)
    D.
    National Insurance Company Limited (NICL)

  17. When did insurance begin in Babylon?
  18. A.
    1750 BC
    B.
    1907 BC
    C.
    1971 BC
    D.
    2000 BC

  19. Which one of the following does not belong to the main products of life insurance?
  20. A.
    Term
    B.
    Whole life
    C.
    Endowment
    D.
    Personal accident insurance