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Insurance sector and growth in india

Quiz by Jaya shree GRGSMS

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10 questions
Show answers
  • Q1
    In which year was the Insurance Regulatory and Development Authority of India (IRDAI) established?
  • Q2
    Which insurance company in India is the largest by market share?
    Life Insurance Corporation of India (LIC)
    HDFC Life Insurance
    ICICI Prudential Life Insurance
    SBI Life Insurance
  • Q3
    Which insurance sector has the highest growth rate in India?
    Health insurance
    Life insurance
    Motor insurance
    Marine insurance
  • Q4
    What is the main source of revenue for insurance companies in India?
    Government subsidies
  • Q5
    Which type of insurance covers damage to property caused by fire, theft, or natural disasters?
    Travel insurance
    Property insurance
    Life insurance
    Health insurance
  • Q6
    What is the purpose of a claim in the insurance sector?
    To request compensation for covered losses
    To cancel an insurance policy
    To assess the financial capacity of an insurance company
    To purchase an insurance policy
  • Q7
    Which insurance sector in India offers coverage for individuals and businesses against legal claims for bodily injury or property damage?
    Life insurance
    Liability insurance
    Home insurance
    Travel insurance
  • Q8
    Which insurance sector in India has shown significant growth due to the digitization of processes?
    Pet insurance
    Insurance Technology (Insurtech)
    Crop insurance
    Auto insurance
  • Q9
    What is the most common type of insurance in India?
    Health insurance
    Travel insurance
    Life insurance
    Car insurance
  • Q10
    Which type of insurance in India provides coverage for business-related risks?
    Car insurance
    Health insurance
    Commercial insurance
    Life insurance

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