EASY
Earn 100
Which Insurance is a compulsory insurance plan administered by a government agency with the primary emphasis on social adequacy?
50% studentsanswered this correctly
Important Questions on Introduction to Indian Insurance Sector
MEDIUM
_____ is a new scheme of deposit mobilization have been evolved by the Indian commercial banks.
MEDIUM
When two or more distinct insurance policies combined into a single contract, it is known as_____.
EASY
What do we call the money charged for the insurance coverage?
HARD
Under "securitisation process", the organisation which gives insurance and guarantee is known as:
EASY
If more than one person claim the policy money, it is called_____.
HARD
With which of following types of loans are teaser rates related?
HARD
The stated principal amount of a financial instrument is known as:
EASY
Cotyledons are also called-
EASY
In which year, Indian Insurance Companies Act was enacted?
MEDIUM
Non - Compliance with IRDA's rules and regulations can result in _______in fines for companies.
HARD
Bancassurance can be sold to _____.
EASY
_____is a social device for eliminating or reducing the loss of society from specific risk.
MEDIUM
What is the full form of 'ULIP', the term which was in the news recently?
HARD
Insurance cover for bank deposits in our country is provided by:
EASY
The headquarters of IRDA is located in_____.
HARD
Expand the term EMI as used in banking/finance sector?
HARD
Which one of the following is a percentage of the premium appropriated towards charges before allocating the units under the policy?
EASY
Shares premium can be used in _____.
EASY
In case, the depositor is a sole proprietor and holds deposits in the name of the proprietary concern as well as in the individual capacity the maximum insurance cover is available up to:
MEDIUM
GIBNA was passed in the year_____.
