Insurance Awareness Quiz

1.The headquarters of General Insurers Public Sector Association of India (GIPSA) is situated in

New Delhi Bengaluru Mumbai Kolkata

2.Which of the following is true?

Insurance is the business carried on by an organization Insurance is the sum of money that is borrowed Insurance is the business that can provide some services Insurance is a collective bearing of risk

3.________________ is some amount of money will paid before insurance will pay 100% for an individual’s health-care expenses.

Out-of-Pocket Limit Surplus Point-of-Service Plan Personal Injury Protection

4.__________________ is /are the monopoly of General Insurance Company

Life Insurance Crop Insurance Health Insurance All of these

5.Which of the following require IRDA licence to start its functioning in India ?

Insurance Brokers Surveyors Insurance Agents All of These