General Knowledge
INSURANCE AWARENESS MCQs
Total Questions : 92
| Page 5 of 10 pages
Answer: Option B. -> 20th December 2002
Answer: Option B. -> Japan
Answer: Option A. -> Insurance Regulatory and Development Authority of India (IRDAI)
Answer: Option D. -> Personal accident insurance
Whole life, Endowment, Term, Investment-linked, Life annuity plan, Medical and health are the main products of life insurance. Motor insurance, Fire/House owners/Householders insurance, Personal accident
insurance, Medical and health insurance, Travel insurance are the main products of general insurance.
Answer: Option B. -> The Oriental Insurance Company
New India Assurance Company Limited, National Insurance Company Limited, The Oriental Insurance Company, United India Insurance, Agricultural Insurance Company of India are the major general insurance companies in India. Bajaj Allianz General Insurance, ICICI Lombard General Insurance, IFFCO-Tokio General Insurance, Reliance General Insurance, Royal Sundaram Alliance Insurance, TATA AIG General Insurance, Cholamandalam General Insurance, HDFC Ergo are the major general insurance private sector companies in India.
Answer: Option C. -> 1907
1907. The first company to transact all classes of general insurance business was the Indian Mercantile Insurance.
Answer: Option B. -> 1818
The first life insurance company started functioning in India was Oriental Life Insurance Company.
Answer: Option A. -> 1850
The first General Insurance Company in India was Triton Insurance Company Ltd. It was set up under the control of British.
Answer: Option C. -> 1956
Life Insurance Corporation came into existence in 1956.
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