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Insurance Quiz India | Type of Insurance

Insurance Quiz India

Insurance Quiz India. Amazing Insurance Quizzes – Test Youself or Create Insurance Quizzes & Trivia. Test yourself with Insurance Quiz, Trivia, Q&A!

Test yourself about the types of Insurance policies are there. This is a very basic quiz for you to better understand types of Insurance. This quiz includes the answers right after you choose the answer.

 

Quotes on Insurance

I started life washing cars in Canada before moving on to selling life insurance and vacuum cleaners. Later, I went through a programme by Dr. Norman Vincent Peale, which literally changed my life. It was the turning point.

-Shiv Khera

Many kids come out of college, they have a credit card and a diploma. They don’t know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.

-Jesse Jackson

Justice is the insurance which we have in our lives and property. Obedience is the premium which we pay for it.

– William Penn

I don’t want to know I’m getting older. Then I’ll start to think about getting checkups and insurance. I don’t want that.

-Akon

Concluding

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  • ________ is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person?

    • Life Insurance
    • Fire Insurance
    • Death Insurance
    • Wealth Insurance
  • _________ is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.

    • Health Insurance
    • Car Insurance
    • Travel Insurance
    • Life Insurance
  • __________ including automobile and homeowners policies, provide payments depending on the loss from a particular financial event.?

    • General Insurance
    • Life Insurance
    • Travel Insurance
    • Home Insurance
  • _________ cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic accident.

    • Vehicle Insurance
    • Life Insurance
    • Health Insurance
    • Home Insurance
  • _______________ insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically.?

    • Travel Insurance
    • Car Insurance
    • Holiday Insurance
    • Vacation Insurance
  • ______________________ is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

    • Critical Illness Insurance
    • Life Insurance
    • Home Insurance
    • Health Insurance
  • ____________________ also commonly called homeowner’s insurance, is a type of property insurance that covers a private residence.?

    • Home Insurance
    • Loan Insurance
    • Life Insurance
    • Health Insurance
    • Health Insurance
  • ____________________ is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.?

    • Trade Credit Insurance
    • Profit Insurance
    • Income Insurance
    • Credit Disability Insurance
  • _____________ is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims.?

    • Liability Insurance
    • Lawsuit Insurance
    • Claims Insurance
    • General Insurance
  • __________________ partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen.?

    • Pet Insurance
    • Animal Insurance
    • Health Insurance
    • Life Insurance
  • ___________________ denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and floodways that are susceptible to flooding.?

    • Flood Insurance
    • Property Insurance
    • Water Insurance
    • Natural Calamity Insurance
  • _____________________ is a relationship between a bank and an insurance company, aimed at offering insurance products or insurance benefits to the bank’s customers.?

    • Bancassurance
    • Customerassurance
    • Bank Insurance
    • Bank Assurance
  • __________________ is insurance that is purchased by an insurance company from one or more insurance companies directly or through a broker as a means of risk management, sometimes in practice including tax mitigation and other reasons described below.?

    • Reinsurance
    • Life Inaurance
    • Again Insurance
    • Double Insurance
    • Double Insurance
  • _________________ often called tenants’ insurance, is an insurance policy that provides some of the benefits of homeowners’ insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure.?

    • Renters’ Insurance
    • Income Insurance
    • Credit Insurance
    • House Insurance

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