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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