Insurance Awareness Quiz Set 10

Welcome to the readers who are getting prepare for the competitive exams they can check the Insurance Awareness Quiz with Questions And Answers with a neat explanation. So on this page, all queries and their Answers are given for the practice session.

Insurance Awareness Quiz Set 10

1. __________________ is an insurance product typically sold or issued by life insurance companies.

2. The amount of risk retained by an insurance company that is not re-insured is called

3. A deductible is usually mentioned in

4. The Coinsurance is specified by

5. _________is a sum of money paid by an employer to an employee for services rendered in the company

6. In BCAR, C related with __________

7. What is a lapse in insurance?

8. Which is a fixed amount for a covered service in the health sector?

9. Mortality Charge is the amount charged _____________ by the insurer

10. What is TPA ?

11. Which of the following is the first life insurance company in India?

12. Insurance companies’ ability to pay the claims of policyholders is termed as _______

13. _______ is a policy contract that for some reason specified in the policy becomes free of all legal effect.

14. A form of annuity contract that gives purchasers the freedom to choose among certain optional features in their contract is known as ______

15. Risks for which it is difficult for someone to get insurance is called ______

16. Portion of an auto insurance policy that protects a policyholder from uninsured and hit-and-run drivers is known as _______

17. A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at the policyholder’s
discretion is called _______

18. Which of the following insurance compensates for the cost of repairing or replacing defective products past the normal warranty period provided by manufacturers?

19. ________ is an insurance to cover problems associated with travelling, generally including trip cancellation due to illness, lost luggage and other incidents.

20. National Insurance Academy located in ________



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