Monthly Archives: March 2019

Insurance Awareness Quiz 123

Insurance Awareness Quiz for LIC AAO

Welcome to your Insurance Awareness Quiz 123

1. Which of the following is not the principle of insurance ?
2. Which one of the following is the amount that an Insurance company pays you which is inclusive of both sum assured and the bonuses ?
3. The “SBI Life Insurance Company limited” is a joint venture life insurance company between state bank of India and ___  ?
4. Which of the following word defines a period, which falls between the date of the subscription of the policy and the first instalment received ?
5. The arrangement under which banks sell insurance products acting as the agents of the respective companies is called the ?
6. First Indian Life Insurance Company ‘Bombay Mutual Life Assurance company’ was established in ___?
7.  Which is the type of insurance in which the re-insurer can accept or reject any risk presented by the insurance company for reinsurance ?
8. Under which of the following Act, the Life Insurance Corporation (LIC) was established ?
9. The Reserve Bank of India is considering setting up a PCR, which will be an extensive database of credit information for India that will be accessible to all stakeholders. Here PCR stands for ?
10. How many types of basic life insurance policies are there?
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