1.A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at the policyholder’s discretion is called _______
Variable Life Insurance
Kidnap/Ransom Insurance
Inland Marine Insurance
Uninsured Motorist Coverage
2._______ is a policy contract that for some reason specified in the policy becomes free of all legal effect.
Salvage
Schedule
Retrospective Rating
Void
3.Which of the following insurance compensates for the cost of repairing or replacing defective products past the normal warranty period provided by manufacturers?
Warranty Insurance
Kidnap/Ransom Insurance
Inland Marine Insurance
Uninsured Motorist Coverage
4.Which of the following is the first life insurance company in India?
United India Insurance
Oriental Insurance
LIC
New India Assurance
5.National Insurance Academy located in ________
Chennai
Calcutta
Pune
Hyderabad
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