What is an Insurance? According to the dictionary and different insurance policies, Insurance is defined as “an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.” Thus, Insurance is a means of protection from financial loss. Insurance in short is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. The insurance provider is known as an insurer, insurance company, insurance carrier or underwriter. Insurance Awareness is an important section in several recruitment exams in India, primarily in the insurance sector.
Insurance Awareness Quiz 5 includes Questions and Answers related to the following topics: History of Insurance sectors in India, Insurance Organizations in India, Important Insurance Terms, Insurance Abbreviations & Insurance related information. Insurance Awareness Quiz 5 is extremely important for aspirants of Insurance related recruitment’s such as UIIC, OICL, LIC, HFL, AAO, etc.

PNB MetLife was initially launched as MetLife India Insurance Company Limited. Headquarters of one of the share holders, MetLife International Holdings LLC of PNB MetLife is in

A. Paris, France B. Rome, Italy C. Geneva, Switzerland D. New York, U.S.

Where is the catchline of National Insurance Company Limited (NICL)?

A. Total Insurance Solutions B. Trusted Since 1906 C. Now be double sure D. Your Partner for Prosperity

Work for merger deal between HDFC Life and which of the following companies is going on?

A. Aviva Life B. Aegon Life C. Exide Life D. Max Life

Presently there are how many Insurance Ombudsman’s offices in India?

A. 12 B. 14 C. 19 D. 17

Which of the following principles of Insurance assures about the financial interest that the assured possesses in whatever is being insured?

A. Insurable Interest B. Utmost Good Faith C. Principle of Contribution D. Principle of Indemnity