INSURANCE AWARENESS QUESTIONS & ANSWERS

1.Oldest (1818) life insurance company is:

Postal Life Insurance Company Max Life Insurance Company Oriental Life Insurance Company Bharat Life Insurance Company

2.Insurance is listed in the constitution of India in ______scheduled as Union List subject:

Eighth Ninth Seventh Tenth

3.Insurance is legislated by:

Insurance Company State Government Central Government Government of India

4.Chairman of Life Insurance Corporation of India is:

Arundhati Bhattacharya U K Sinha S K Roy Vimal Khanna

5.Which of the following is not the principal of insurance:

Utmost Good Faith Principle of Contribution Maximization of Profit Causa Proxima