Insurance and Finance - General Knowledge Questions

A)
Vesting date
B)
Cooling date
C)
Preferred date
D)
Bonus date

Correct Answer :   Vesting date

A)
Core Rate
B)
Policy Rate
C)
Penetration Rate
D)
Revenue Rate

Correct Answer :   Penetration Rate

A)
Endowment
B)
Annuity
C)
Bonus
D)
Term

Correct Answer :   Annuity

Annuity is an insurance product that pays out income to the holder at specified intervals usually after retirement. So if you want a steady supply of money after retirement apply for an annuity plan

A)
Policy not in force
B)
Policy Unforced
C)
Policy Backed
D)
Policy in variance

Correct Answer :   Policy not in force

A)
Gurgaon
B)
Lucknow
C)
New Delhi
D)
Kolkata

Correct Answer :   Kolkata

Kolkata, West Bengal

A)
Chennai
B)
Mumbai
C)
Gurgaon
D)
New Delhi

Correct Answer :   Gurgaon

Gurgaon, Haryana.

A)
Gurgaon
B)
Chennai
C)
Lucknow
D)
New Delhi

Correct Answer :   Gurgaon

Gurgaon, Haryana.

A)
Hyderabad
B)
Chennai
C)
New Delhi
D)
Mumbai

Correct Answer :   Chennai

Chennai, Tamil Nadu

A)
Mumbai
B)
Jaipur
C)
Bengaluru
D)
Hyderabad

Correct Answer :   Bengaluru

A)
Paid up ratio
B)
Annuity ratio
C)
Force ratio
D)
Lapse ratio

Correct Answer :   Lapse ratio