Insurance Awareness Quiz 125

Insurance Awareness Quiz for LIC AAO 2019

Welcome to your Insurance Awareness Quiz 125

1. The minimum and maximum period for the maturity of Certificate of Deposit (CDs) is?
2. The principle according to which the insured person is repaid only that amount of money, which he/she has actually suffered loss, is known as ________?
3. What does BBB stands for?
4. The term ‘insurable interest’ is related to which of the following types of insurance?
5. Which of the following is an exception to the ‘Principle of indemnity’ ?
6. What does the principle of loss minimisation means ?
7. IRDAI has asked insurers to enhance capital sum insured in compulsory personal accident cover for owner-driver under motor insurance policies to Rs 15 lakh. The premiums for Rs 15-lakh cover have been fixed at Rs ____ per annum.
8. The principle according to which the insured person is repaid only that amount of money, which he/she has actually suffered loss, is known as ________ ?
9. What is Micro Insurance Plan ?
10. What does 'N' stands in 'NSFR' guidelines issued by RBI ?

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