Insurance Awareness Quiz – Set 57
Insurance Awareness Quiz: We have created quiz questions on Insurance Awareness which are most important for insurance exams. These questions and answers will guide you in all insurance exams like LIC (AAO/ADO), NIACL assistant and AO, UIIC, IRDA and other Bank PO exams and all competitive exams. So attempt these multiple choice questions now based on the exam pattern syllabus.
- The Life Insurance in its modern form came to India for the first time from which country?
A) Germany
B) France
C) England
D) United States
- Name the first ever Life Insurance Company to be functional in India?
A) Oriental Life Insurance Company
B) Hindustan Co-operative Insurance Company
C) Life Insurance Corporation of India
D) SBI Life Insurance Company
- Which among these is the first Indian life insurance company, set up with the purpose to insure Indian lives?
A) Bharat Insurance Company
B) Bombay Mutual Life Assurance Society
C) Life Insurance Corporation of India
D) United India Life Insurance Company
- The Bharat Insurance Company was established in which of these years?
A) 1906
B) 1717
C) 1896
D) 1962
- The legislation to regulate insurance business in India was passed in which year?
A) 1976
B) 1912
C) 1818
D) 1945
- The Life Insurance Companies Act was passed in which year?
A) 1912
B) 1958
C) 1925
D) 1947
- In which year was the Life Insurance Corporation of India formed?
A) 1956
B) 1960
C) 1948
D) 1962
- The Hindustan Co-operative Insurance Company was set up in the year 1907 in which city?
A) Delhi
B) Bombay
C) Madras
D) Calcutta
- As per the Life Insurance Companies Act, 1912, the premium rate tables and periodical valuations of companies was to be certified only by an _____________.
A) Policy Holder
B) Actuary
C) Underwriters
D) Nominee
- In India, the Oriental Life Insurance Company was set up by Europeans in which city?
A) Bombay
B) Madras
C) Calcutta
D) Delhi