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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?
    1995
    1999
    1987
    2001
    30s
  • 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
    30s
  • Q3
    Which insurance sector has the highest growth rate in India?
    Health insurance
    Life insurance
    Motor insurance
    Marine insurance
    30s
  • Q4
    What is the main source of revenue for insurance companies in India?
    Claims
    Investments
    Premiums
    Government subsidies
    30s
  • Q5
    Which type of insurance covers damage to property caused by fire, theft, or natural disasters?
    Travel insurance
    Property insurance
    Life insurance
    Health insurance
    30s
  • 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
    30s
  • 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
    30s
  • 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
    30s
  • Q9
    What is the most common type of insurance in India?
    Health insurance
    Travel insurance
    Life insurance
    Car insurance
    30s
  • Q10
    Which type of insurance in India provides coverage for business-related risks?
    Car insurance
    Health insurance
    Commercial insurance
    Life insurance
    30s

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