Insurance sector and growth in india
Quiz by Jaya shree GRGSMS
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10 questions
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- Q1In which year was the Insurance Regulatory and Development Authority of India (IRDAI) established?199519991987200130s
- Q2Which insurance company in India is the largest by market share?Life Insurance Corporation of India (LIC)HDFC Life InsuranceICICI Prudential Life InsuranceSBI Life Insurance30s
- Q3Which insurance sector has the highest growth rate in India?Health insuranceLife insuranceMotor insuranceMarine insurance30s
- Q4What is the main source of revenue for insurance companies in India?ClaimsInvestmentsPremiumsGovernment subsidies30s
- Q5Which type of insurance covers damage to property caused by fire, theft, or natural disasters?Travel insuranceProperty insuranceLife insuranceHealth insurance30s
- Q6What is the purpose of a claim in the insurance sector?To request compensation for covered lossesTo cancel an insurance policyTo assess the financial capacity of an insurance companyTo purchase an insurance policy30s
- Q7Which insurance sector in India offers coverage for individuals and businesses against legal claims for bodily injury or property damage?Life insuranceLiability insuranceHome insuranceTravel insurance30s
- Q8Which insurance sector in India has shown significant growth due to the digitization of processes?Pet insuranceInsurance Technology (Insurtech)Crop insuranceAuto insurance30s
- Q9What is the most common type of insurance in India?Health insuranceTravel insuranceLife insuranceCar insurance30s
- Q10Which type of insurance in India provides coverage for business-related risks?Car insuranceHealth insuranceCommercial insuranceLife insurance30s