Life Insurance Quiz

1."Stepping into shoes of other" related with:

Principle of CAUSA PROXIMA Principle of Subrogation Principle of Contribution Principle of Indemnity

2. A person must be benefited by that thing which he wants to be insured is called:

Interest Insurable Interest Causa Proxima Contribution of That person

3.Supervision and Development of Insurance in India is in the hands of:

SEBI Insurance Regulatory Development Authority Life Insurance Corporation of India Central Government

4.IRDA was constituted by which of the following committee's recommendations:

Kumarmangalam Committee Malhotra Committee Singh Committee Sahota Committee

5. What is term life insurance?

life insurance for people with stage 4 cancer 

a life insurance policy that allows you to set all of the terms of the contract

life insurance guaranteed to last you entire lifetime

life insurance that expires after a specified period of time