EASY
Earn 100

Mortality Charge is the amount charged _____________ by the insurer.

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Important Questions on Financial Awareness

EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
The amount paid by the policy holder before an insurance provider begins to pay any expenses is known as?
EASY
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A reinsurance company providing services to another by insuring the activities of another reinsurance company is known as?
MEDIUM
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Which insurance principle requires the person seeking insurance to act as if the insured entity is not insured?
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Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
An independent professional person registered under the Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
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Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
A policy holder can open how many e Insurance Account (eIA) to keep policies in electronic mode?
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Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
A demand made by the insured, or the insured's beneficiary, for payment of the benefits is known as?
EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
Which among the following is not a type of intermediaries in insurance business?
MEDIUM
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
Which of the following principles of insurance is applied which makes insurance companies not liable to pay insurance for losses caused by remote causes?
EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
The temporary assignment of the monetary value of a life insurance policy is known as?
HARD
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
Which of the following is not a Principle of Insurance?
EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
What is the minimum paid up equity capital requirement to carry insurance business in India?
EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
The amount which the policy holder will get from the insurance company if he exits the policy before maturity is known as?
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Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
Gratuity is paid when an employee?
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Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
HARD
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
Which principle of Insurance seeks all material disclosure of information by the person seeking insurance?
EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
__________is a sum of money paid by an employer to an employee for services rendered in the company.
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Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
Cotyledons are also called-
HARD
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance

Which principles of insurance do not apply to life insurance?

A. Indemnity.

B. Contribution.

C. Subrogation.

D. Mitigation of Loss.

EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
A risk or damage covered by an insurance policy is called as?
EASY
Banking Knowledge>Banking and Financial Awareness>Financial Awareness>Principles of Life Insurance
What is the minimum paid up equity capital requirement to carry Reinsurance business in India?