Tuesday, July 26, 2016

Insurance Questions

1.What does the term Actuary stands for in Insurance:
A specialist in Insurance claimsettlement A specialist in insurance marketing A specialist in Insurance calculations None of these

2.ECGC is made to provide:
Insurance cover in external trade Insurance cover in internal trade Insurance cover in export trade Insurance cover in import trade

3.Which is not a part of Life insurance?
Endowment Term Priority Annuity

4.“Prithvi Agni Jal Akash,Sab ki suraksha humare pas” this tagline is associated with:
NICL OICL DHFL NIACL

5.GIC was incorporated in the year?
1971 1972 1973 1974

Tuesday, July 19, 2016

Insurance Awareness

1.Which Insurance Company started its operation in the year in which India got Independence?
UIICL GIC LIC OICL

2.Who was the actual Pioneer of LIC?
Debendranath Tagore S.K.Roy. Surendranath Tagore A.K.Roy.

3.Who among the following was appointed as member(actuary) in Insurance Regulatory Authority of India (IRDA) recently?
Pournima Gupte Pournima Sarkar Jyotsna Suri None of these

4.The Total Business of 4 Public Sector General Insurance Company in 2013-14
40000cr. 41000cr. 42000cr. 45000cr.

5.NIACL’s pioneer was:
Sir Jamshedji Tata Sir Dorabji Tata Sir Ratan Tata None of these

Sunday, July 10, 2016

Insurance services

1.What is the maximum Time in which The insurer should settle a claim when all documents are submitted
5 days 20 days 30 days 15 days

2.A missing person is considered to be dead after how many years of missing ?
3 years 5 years 15 years 7 years

3.A insurer advertises through daily news paper . What type of marketing is
cross selling policy selling Solicitation of Policy Insurance selling

4.MWP- If the policy is endorsed under MWP – then the beneficiaries are wife and ?
ex-wife children mother parents

5.How is complaint to be launched with an insurance ombudsman?
Made face to face made in writing through newspaper advertisement orally over the phone

Sunday, July 3, 2016

Insurance GK

1.Insurance company transfers the insurance which cannot bear by them to which of the following ?
TPAs Bancassurance Reinsurance Actuaries

2.Which of the following is customer of a Reinsurer?
Insurance Companies High Networth Individual Licenced Insurance Agents NGOs

3.The Non Government organizations(NGO) helps the insurance industry mainly in
Linking third party administrators Promotional activities Drafting new regulations Linking buyers and sellers

4.Investment by foreign direct investors in to Insurance companies is restricted to what percent?
22% 24% 30% 26%

5.Based on which aspect,Churning is bad ?
Agents earn Lower Commission on churning Policyholders suffer due to surrender charges and benefits Policyholder gets more benefits Insurance companies get good branding

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