The main purpose of including commission details in the documentation to clients is to increase

  • Competitiveness
  • Efficiency
  • Flexibility
  • Transparency

How long is the free look-in period under a term insurance policy from the date of receipt of the policy document?

  • 5 days
  • 10 days
  • 15 days
  • 20 days

Which of the following is the first fully Indian owned insurance company?

  • Assess the acceptability of particular risks.
  • Oriental Insurance Company
  • The New India Assurance Company
  • BhartiAxa Life Insurance Company

Costs for injury or death due to hazards at the work place are covered under _______________ insurance.

  • Product liability
  • Life
  • Malpractice
  • Public liability

Which one of the following is not a condition for an insurable loss?

  • Losses must be under the control of the insured
  • The insured hazard must be geographically widespread
  • The probability of a loss should be predictable
  • Losses must result from an intentional action by the insured person

Which type of motor insurance pays for damages intentionally caused by another person, such as breaking a windshield in a parking lot?

  • Property damage liability coverage
  • Comprehensive coverage
  • Collision insurance
  • Endowment coverage

Today there are ____ general insurance companies including the ECGC and Agriculture Insurance Corporation of India and ____ life insurance companies operating in the country.

  • 24,23
  • 27,24
  • 23,22
  • 24,25

1818 saw the advent of life insurance business in India with the establishment of _____________ Company

  • LIC
  • The New India Assurance
  • National Insurance
  • The Oriental Life Insurance

Previously known HDFC Chubb is now called as

  • HDFC Ergo
  • HDFC Standard
  • HDFC Insurance Ltd
  • HDFC General Insurance Company

"Prithvi, Agni, Jal, Aakash. Sabki Suraksha Hamare Paas" - is the slogan of

  • Oriental India Insurance Company
  • The New India Assurance Company Limited
  • United India Insurance Company Limited
  • National Insurance Company Limited