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General Knowledge :: Insurance Awareness

Insurance Awareness - Section-1
  1. In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured's death is termed as _______
    2. A.
    Face Amount
    B.
    Face Amount
    C.
    Face Amount
    D.
    Extra Expense Insurance

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  2. A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as _______
    3. A.
    Hospital Insurance
    B.
    Hospital Insurance
    C.
    Hacker Insurance
    D.
    Identity theft Insurance

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  3. In which year New India Assurance Co Ltd was found?
    4. A.
    1918
    B.
    1818
    C.
    1919
    D.
    1945

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  4. What percent shares of New India Assurance Co Ltd is owned by Government of India?
    5. A.
    50%
    B.
    85%
    C.
    99.4%
    D.
    100%

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  5. New India Assurance Co Ltd has branches in how many countries?
    6. A.
    25
    B.
    26
    C.
    27
    D.
    28

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

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

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  8. Which one of the following does not belong to the major general insurance private sector companies in India?
    9. A.
    Reliance General Insurance
    B.
    The Oriental Insurace Company
    C.
    Bajaj Allianz General Insurance
    D.
    Royal Sundaram Alliance Insurance

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  9. When was the Oriental Life Insurance Company established?
    10. A.
    1815
    B.
    1818
    C.
    1821
    D.
    1833

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  10. When was Life Insurance sector nationalised?
    11. A.
    1947
    B.
    1951
    C.
    1956
    D.
    1959

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