Monthly Archives: March 2019

Insurance Awareness Quiz 126

Insurance Awareness Quiz for LIC AAO 2019

Welcome to your Insurance Awareness Quiz 126

1. Sometimes due to lack of money people get a term insurance but later on change it to a permanent policy. This is known as ________ ?
2. "Stepping into shoes of other" related with ?
3. Which of the following is an unsecured money market instrument issued in the form of a promissory note ?
4. ANBC is investments made by banks in non-SLR bonds held in the held-to-maturity category or credit equivalent amount of off-balance-sheet exposure, whichever is higher. What does ‘A’ stand in 'ANBC’ ?
5.  Insurance Brokers Association of India was incorporated as a Company under which Section of the Companies Act, 1956 ?
6. In Insurance policies we always find a date which is “Date of Maturity”. What does it mean ?
7. The Insurance Regulatory and Development Authority of India (IRDAI) was constituted as an autonomous and statutory body to regulate and develop the insurance industry in ____ ?
8. An insurance plan designed to provide insurance for a specific period of time is known as ________ ?
9. What do you mean by Gratuity ?
10.  What is/are the benefit/benefits of the Paid up policy ?

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