General Insurance Quiz

1.Which is a fixed amount for a covered service in health sector ?

.Coinsurance Deductible Copay Health Insurance

2.A deductible is usually mentioned in

Rupee Dollar Euro Any currency

3.The amount of risk retained by an insurance company that is not re-insured is called

Retention Uninsurable risk Reinsure Insurable risk

4.The Coinsurance is specified by

All of the below Equity Ratio Percentage

5.In BCAR, C related with __________

Capital Currency Customer Claim

GK Insurance quiz

1.Which Insurance policy gives holder the benefits of both Insurance and Investment?

Term Insurance Policies Money-back Policies Unit-linked Investment Policies Pension Policies

2.Which among the following is the correct full form of ESIC?

Employee’s State Insurance Corporation Employer’s State Insurance Corporation External State Insurance Corporation Exact State Insurance Corporation

3.Under ESIC, Employer contribution rate and Employee contribution rate respectively is –

4.75% & 1.75% 1.75 % & 4.75% 12% & 12% none

4.The process of identifying and classifying the degree of risk represented by a proposed insured. As per insurance sector, what does the term stands for?

Underwriting Collateralized Mortgage Obligation Actuary Annuity

5.A person who identifies, examines and classifies the degree of risk represented by a proposed insured in order to determine whether or not coverage should be provided and, if so, at what rate. In terms of insurance, what does a person stands for?

Underwriter Merchant Banker Forex dealers Registrars

Insurance Quiz

1.What are the main functions performed by the IRDA?

Protect the rights of policy holders Adjudication on insurance related matters Promoting insurance business All of these

2.If an insurance policy holder is not satisfied with the award of the insurance ombudsman, he / she can approach to__?

Courts of law Consumer forums Either a or b The award of insurance ombudsman can not be challenged

3.Which one of the following is the example of Insurance depositories?

Central Insurance Repository Limited (CIRL) Karvy Insurance repository Limited NSDL Database Management Limited All of these

4.Which of the following is correct full form of IGMS with reference to insurance sector?

Integrated Grievance Management System Internal Grievance Management System Important Grievance Management System Integral Grievance Management System

5.Up to what extent, FDI in Insurance sector is allowed by the Government of India (GOI)?

26% 49% 51% 100%