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Recent questions tagged insurance
1
answer
To provide the insured a speedy and inexpensive grievance redressal system, the Govt. of India promulgated __________
asked
Sep 12, 2021
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voice
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257k
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finance
finance-quiz
insurance
insurance-priniciple
grievance-redressal
public-rule
grievance
1
answer
IAIS stands for __________
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Sep 12, 2021
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finance
finance-quiz
insurance
insurance-priniciple
iais
insurance-supervisors
internation-association
1
answer
Objective of IRDA includes
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Sep 12, 2021
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finance
finance-quiz
insurance
insurance-priniciple
irda
insurance-policy
insurance-sector
1
answer
__________ was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance
asked
Sep 12, 2021
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finance
finance-quiz
insurance
insurance-priniciple
autonomous-body
insurance-business
irda
nbfc
1
answer
The Indian insurance industry is governed by
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Sep 12, 2021
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finance
finance-quiz
insurance
insurance-priniciple
india
insurance-sector
insurance-act
lic-of-india
1
answer
The __________, has allowed cooperative societies to carry on insurance business.
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Sep 12, 2021
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finance
finance-quiz
insurance
insurance-priniciple
cooperative-society
insurance-business
insurance-amendment-act
1
answer
The insurance industry till august 2000 had only two nationalised players, LIC and __________
asked
Sep 12, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
ni
gic
irda
lic-of-india
1
answer
The IRDA stands for
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
irda
irda-stands
insurance-policy
1
answer
The IRDA was set up in __________.
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
irda
irda-setup
1
answer
__________ committee suggested the re-opening up of the insurance sector to private players.
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
insurance-sector
private-players
nrsimham
1
answer
The LIC of India was set up in __________ to take over 245 life companies.
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Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
lic-of-india
insurance-company
lic-establishment
1
answer
__________ is the first comprehensive legislation governed both life and non-life branches of insurance was enacted to
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
insurance-company
insurance-business
insurance-act
1
answer
The __________ company was the first insurance company to be set up in India to help the widows of the European
asked
Sep 10, 2021
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voice
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257k
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finance
finance-quiz
insurance
insurance-priniciple
first-insurance
insurance-company
lic-of-india
national-insurance-company
1
answer
The Sanskrit term __________, the name of LIC of India corporate headquarters, is found in Rig Veda.
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
rig-veda
lic-of-india
yogaraksha
yogakarma
yogakshema
1
answer
The __________ discovered by Jakob Bernoulls around 1700 forms the basis of modern insurance.
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
law-of-large-numbers
jakob-bernaulls
modern-insurance
1
answer
The oldest life insurance company in existence today is the society for the equitable assurance of
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
oldest-insurance
insurance-company
equitable-assurance
1
answer
Dr.Nicholas Barbon set up in 1967 the first fire insurance company known as the __________
asked
Sep 10, 2021
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257k
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finance
finance-quiz
insurance
insurance-priniciple
dr-nicholas-barbon
fire-insurance
nicolas-company
1
answer
The first insurance contract was entered into by European maritime nations in 1347 to accept ________ insurance as
asked
Aug 14, 2021
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Finance
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voice
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257k
points)
finance
finance-quiz
insurance
insurance-priniciple
first-insurance
contract-in-insurance
european-maritime
submarine
1
answer
__________ principle in insurance mention the assured must have insurable interest in the life or property insured.
asked
Aug 14, 2021
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Finance
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voice
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257k
points)
finance
finance-quiz
insurance
insurance-priniciple
insurable-interest
subrogation
causa-proxima
indemnity
1
answer
__________ principle in insurance mention the cause of loss must be direct and an insured one in order to claim for
asked
Aug 14, 2021
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Finance
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voice
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257k
points)
finance
finance-quiz
insurance
insurance-priniciple
direct-insured
compensation
subrogation
causa-proxima
uberrima-fides
1
answer
The purpose of __________ are to hold the negligent person responsible for the loss and prevent the insured from
asked
Aug 14, 2021
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voice
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257k
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finance
finance-quiz
insurance
insurance-priniciple
negligent-person
subrogation
causa-proxima
indemnity
1
answer
______________ principle means that the insured is not entitled to make a profit on his loss.
asked
Aug 14, 2021
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Finance
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257k
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finance
finance-quiz
insurance
insurance-priniciple
loss-of-profits
subrogation
causa-proxima
indemnity
1
answer
Principle of utmost good faith is also known as __________.
asked
Aug 14, 2021
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Finance
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voice
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257k
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finance
finance-quiz
insurance
insurance-priniciple
utmost-good-faith
subrogation
causa-proxima
insurable-interest
1
answer
Which of the following terms is dissimilar to the other four options?
asked
Aug 14, 2021
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Finance
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voice
(
257k
points)
finance
finance-quiz
insurance
insurance-priniciple
dissimilar
post-hospitalisation-expenses
expenses-on-treatment
reinstatement
1
answer
Which of the following terms is dissimilar to the other four options?
asked
Aug 14, 2021
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Finance
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voice
(
257k
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finance
finance-quiz
insurance
insurance-priniciple
dissimilar
jettison
hit-and-run
salvage
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