Insurance MCQs | Insurance Short Questions and Answers
Questions
41
Which one of the following does not belong to the main products of life insurance?
Answer: Personal accident insurance
42
Which one of the following does not belong to the major general insurance private sector companies in India?
Answer: The Oriental Insurace Company
⭐ Make GKSeries Your Preferred Source on Google
Add GKSeries as Preferred Source
43
When was the General Insurance Corporation of India incorporated?
Answer: 1972
45
What is the expanded form of the term ALM?
Answer: Asset Liability Management
46
Which of the following types of companies/organisations issue ULIP?
Answer: Insurance companies
47
Which of the following is the only public sector company in the field of life insurance?
Answer: Life Insurance Corporation of India
48
Which of the following terms is NOT related to the insurance sector?
Answer: Misuse Alert
49
Which of the following is/are the various types of insurance?
a) Life insurance
b) Health insurance
c) Liability insurance
Answer: All the three
50
The central office of the Life Insurance Corporation of India (LIC) is located at
Answer: Mumbai
51
Which of the following is largest Non Life Insurance Company in India ?
Answer: New India Assurance Company Ltd.
52
As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?
Answer: Self Help Groups
53
Insurance company transfers the insurance which cannot bear by them to which of the following ?
Answer: Reinsurance
54
Which of the following is customer of a Reinsurer?
Answer: Insurance Companies
55
What is the maximum Time in which the insurer should settle a claim when all documents are submitted
Answer: 30 days
56
A insurer advertises through daily news paper . What type of marketing is
Answer: Solicitation of Policy
57
MWP- If the policy is endorsed under MWP – then the beneficiaries are wife and ?
Answer: children
58
A insurer advertises through daily newspaper . What type of marketing is
Answer: cross selling
59
General Insurance (Public Sector) Association of India’s HQ is situtated in?
Answer: Delhi
