HARD
Earn 100

What is the feature of Insurance followed that pays the insured in case of loss?
(a)Provision of Economic Growth
(b)Long term Financial Resources
(c)Distribution of Risk value
(d)Security to Individuals
(e)Medical Bills are based on the development

50% studentsanswered this correctly
Important Questions on Introduction to Indian Insurance Sector
MEDIUM
Redressal of Public Grievances Rules, 1998 created the system of ______.

EASY
Which of the following statements are correct:

EASY
How does insurance help in Employment generation?

HARD
Which term refers to property coverage for the perils of burglary, theft, and robbery?

EASY
The Government of India created the ___________ in to draw up a plan for privatising the life insurance business.

EASY
Investment in ULIPs is related to which section of the Income Tax Act?

MEDIUM
Select the expanded form of ULIP used in insurance:

HARD
Which one of the following is a percentage of the premium appropriated towards charges before allocating the units under the policy?

EASY
In , the IRDA granted licences to ___________ businesses to function as insurance depositories.

HARD
Which of the following is not a feature of Insurance?

EASY
Which insurance company product provides investors with the benefits of both insurance and investing in a single integrated plan?

EASY
A/An ____________ is a service that allows policyholders to purchase and maintain insurance policies in digital/electronic form rather than paper documents.

EASY
A foreign company is not allowed to hold at any time, more than ______ percent of the total paid-up equity of the Indian insurance company.

EASY
Which of the following statements is correct?

HARD
Which feature of Insurance may lead to a charge of higher premium?

EASY
Which of the following statements are correct:

EASY
Cotyledons are also called-

EASY
How does insurance help in promoting economic growth?

EASY
The Private equity investors shall not hold more than _____ percent of the paid-up equity share capital of the Indian insurance company.

EASY
Which type of policy provides for the immediate needs of nominees or beneficiaries in the case of the policyholder's untimely or unavoidable death?

