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Principles and Practice of Life Insurance (India) Practice Test Questions
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Principles and Practice of Life Insurance (India) Practice Test Questions
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25 Questions

1. The LICs Zonal office and Divisional office are established on the basis of ________.
2. Life Insurance Corporation was nationalized in _______.
3. What are with-profit policies?
4. Nomination can be done only by a _________ who is a major holding Policy Bond in his own name.
5. ________ can be done by mere endorsement on the policy or by a separate duly stamped deed.
6. The nationalization of insurance sector was taken over by ____ companies
7. European started the Oriental Life Insurance Company in Kolkata in the year ________.
8. Committee of reforms in insurance sectors during 1993 headed by ________.
9. Insurer is a person who has ______.
10. When the amount for which a subject matter is insured is more than its actual value is called __________.
11. Who is benefited if a policy is under the salary savings scheme?
12. __________ is the appointing of a nominee under the policy.
13. ________ is the policyholder who transfers the title of the policy.
14. The Head office of National Insurance Co, Ltd, is ________.
15. The Head office of National Insurance Co, Ltd, is ________.
16. Life insurance in its present form came to India from
17. If the interest rates in the market are higher, then cost of insurance _________.
18. There are ___ subsidiary companies available.
19. A human life is an income-generating asset___________.
20. When the same risk and subject matter is insured with more than one insurer is called as_______.
21. Cargo ship caught by fire is an example of __________.
22. With profit policy is also termed as _______.
23. If the premium was due on 15th July and 16 August is a Sunday.
24. Notification of Alteration in Risk is a condition _____________.
25. As the age increases risk on the life _______.

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