Insurance MCQs: Insurance Questions And Answers

Insurance MCQs. Multiple-Choice Questions related to Insurance. These questions will help in the preparation for different types of exams. Insurance Company Interview Questions


Insurance MCQs


When was the Oriental Life Insurance Company established ??

a. 1821
b. 1815
c. 1818
d. 1833


When was Triton Insurance Company Ltd established ??

a. 1860
b. 1857
c. 1854
d. 1850


When was the Life Insurance sector nationalized ??

a. 1959
b. 1956
c. 1951
d. 1947


When was the General Insurance Council formed ??

a. 1958
b. 1957
c. 1956
d. 1955


When was the Indian Mercantile Insurance established ??

a. 1908
b. 1907
c. 1906
d. 1905




 In which year New India Assurance Co Ltd nationalized ??

a. 1969
b. 1973
c. 1947
d. 1945


When was the Insurance Regulatory and Development Authority constituted ??

a. 2005
b. 2001
c. 1999
d. 1971


When was the General Insurance Corporation of India incorporated ??

a. 1973
b. 1972
c. 1971
d. 1970


When was the general insurance business nationalized??

a. 1973
b. 1972
c. 1971
d. 1970


When was the Export Credit Guarantee Corporation of India established ??

a. 1958
b. 1957
c. 1956
d. 1955


Insurance MCQs


In which among the following year National Insurance Company Limited (NICL) was incorporated ??

a. 1919
b. 1934
c. 1956
d. 1906


Life Insurance Corporation was founded on ??

a. 1 September, 1956
b. 4 September, 1956
c. 6 December, 1960
d. 1 April, 1955


Which was the oldest insurance company, found in 1906 ??

a. United India Insurance Company
b. Agriculture Insurance Company of India
c. National Insurance Company
d. LIC


The largest Life Insurance Company in India is ??

a. National Insurance Company Limited
b. United India Insurance Company Limited
c. Life Insurance Corporation of India (LIC)
d. The New India Assurance Company Limited


Limit of FDI in the Insurance sector ??

a. 51%
b. 49%
c. 50%
d. 47%


Insurance MCQs


Which of the following is not the principle of insurance ??

a. Causa Proxima
b. Maximization of Profit
c. Principle of Contribution
d. Utmost Good Faith


Insurance is legislated by ??

a. Government of India
b. Central Government
c. State Government
d. Insurance Company


Insurance is listed in the Constitution of India in _________ scheduled as Union List subject ??

a. Tenth
b. Seventh
c. Ninth
d. Eighth


Oldest (1818) life insurance company is ??

a. Bharat Life Insurance Company
b. Oriental Life Insurance Company
c. Max Life Insurance Company
d. Postal Life Insurance Company


Headquarter of LIC is situated at ??

a. Hyderabad
b. Mumbai
c. Delhi
d. Kolkata


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