irda mock test - Quiz Questions (Page 2 of 2)
This quiz contains 20 questions.
Question 11: What does general insurance not cover?
- Death (Correct Answer)
- Car damage
- Fire damage
- Theft
Question 12: Who is a policyholder?
- Person who owns an insurance policy (Correct Answer)
- Insurance company employee
- Claim adjuster
- Insurance regulator
Question 13: What is underwriting in insurance?
- Assessing risk before issuing policies (Correct Answer)
- Paying claims
- Marketing policies
- Investing premiums
Question 14: How is a claim settled?
- By evaluating and paying valid claims (Correct Answer)
- By issuing a new policy
- By increasing premiums
- By offering loans
Question 15: What is an insurance policy?
- A contract outlining coverage and terms (Correct Answer)
- A payment receipt
- A company balance sheet
- A marketing plan
Question 16: What is an insurer?
- Company providing insurance coverage (Correct Answer)
- A type of insurance
- A legislator
- An investor
Question 17: What is reinsurance?
- Insurance for insurers to reduce risk (Correct Answer)
- Extra cost on policy
- Health cover limit
- Insurance for policyholders
Question 18: What is a deductible in insurance?
- Amount paid before insurance covers a loss (Correct Answer)
- Monthly payment
- Total coverage amount
- Claim payout
Question 19: Which insurance is mandatory for vehicles?
- Third-party insurance (Correct Answer)
- Health insurance
- Home insurance
- Life insurance
Question 20: What does IRDA interface with for policyholder concerns?
- IRDA Grievance Redressal Cell (Correct Answer)
- Finance Ministry
- Tax Department
- Police Station
Try our IRDA mock test to see how well you understand the basics of insurance. This quiz is made for those who are getting ready for the Insurance Regulatory and Development Authority of India exams. It covers simple questions on insurance rules, principles, and some financial planning ideas. Use this practice test to get confident and prepared for your upcoming exam.
