Insurance and Finance - General Knowledge Questions

A)
London
B)
Munich
C)
Paris
D)
Tokyo

Correct Answer :   London

Aviva plc is a British multinational insurance company headquartered in London, England. It has about 33 million customers across 16 countries. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider.

A)
LIC
B)
GIC
C)
United India Insurance
D)
Oriental Insurance Co. Ltd.

Correct Answer :   GIC

A)
SURAKSHA
B)
SANTOSH
C)
SUMANGAL
D)
KSHAMTA

Correct Answer :   KSHAMTA

A)
Aviva Life Insurance
B)
HDFC Life Insurance
C)
Birla Sun Life Insurance
D)
Sahara India Life Insurance

Correct Answer :   HDFC Life Insurance

A)
Hard currency
B)
Devaluation
C)
Amnesty
D)
Preference share

Correct Answer :   Amnesty

A)
IndiaFirst Life Insurance Company Limited
B)
National Insurance Company Limited
C)
Oriental Insurance Company Limited
D)
New India Assurance Company Limited

Correct Answer :   IndiaFirst Life Insurance Company Limited

There are 5 state-owned non-life insurance companies in India: Oriental Insurance Company, National Insurance Company, New India Assurance, United India Insurance and national reinsurer General Insurance Corporation of India, or GIC Re

A)
A document used by a company’s accounts payable department containing the supporting documents for an invoice
B)
A negotiable instrument that contains an unconditional order to the bank to pay a certain sum mentioned in the instrument
C)
A discount that is offered to policyholders for every non claim year of a health or a motor insurance company
D)
A valuation method used to estimate the value of an investment based on its expected future cash flows

Correct Answer :   A discount that is offered to policyholders for every non claim year of a health or a motor insurance company

No Claim Bonus refers to a discount that is offered to policyholders for every non claim year of a health or a motor insurance company.

A)
As a medium for getting income tax benefits from savings
B)
As a governmental programme for reducing poverty
C)
As an avenue for short-term investment
D)
None of the above

Correct Answer :   None of the above

The major purpose of life insurance is protection — the instant estate to meet survivor needs. ... However, earnings in a life insurance policy that are part of the proceeds paid to a beneficiary after the death of the insured are not subject to income tax at all.

A)
National Insurance
B)
ICICI Prudential Life
C)
SBI Life
D)
ECGC

Correct Answer :   ICICI Prudential Life

ICICI Prudential Life Insurance Company is one of the leading life insurance players in India which has assets held over Rs. 100,000 crore. The company is a joint venture between ICICI Bank and Prudential plc, a leading international financial services group headquartered in the United Kingdom.

A)
LIC
B)
UIICL
C)
Oriental Insurance
D)
New India Assurance

Correct Answer :   New India Assurance

Mumbai based General Insurance Provider, New India Assurance is the largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations.It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.