Insurance Awareness - General Knowledge Questions and Answers

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Life Insurance Corporation was found on:

A.

1 April, 1955

B.

6 December, 1960

C.

4 September, 1956

D.

1 September, 1956

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Headquarter of LIC is situated at:

A.

Kolkata

B.

Delhi

C.

Mumbai

D.

Hyderabad

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Oldest (1818) life insurance company is:

A.

Postal Life Insurance Company

B.

Max Life Insurance Company

C.

Oriental Life Insurance Company

D.

Bharat Life Insurance Company

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Insurance is listed in the Constitution of India in ______scheduled as Union List subject:

A.

Eighth

B.

Ninth

C.

Seventh

D.

Tenth

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Insurance is legislated by:

A.

Insurance Company

B.

State Government

C.

Central Government

D.

Government of India

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Chairman of Life Insurance Corporation of India is:

A.

Arundhati Bhattacharya

B.

U K Sinha

C.

S K Roy

D.

Vimal Khanna

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Which of the following is not the principle of insurance:

A.

Utmost Good Faith

B.

Principle of Contribution

C.

Maximization of Profit

D.

Causa Proxima

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In which year New India Assurance Co Ltd was found?

A.

1918

B.

1818

C.

1919

D.

1945

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What percent are shares of New India Assurance Co Ltd owned by Government of India?

A.

50%

B.

85%

C.

99.4%

D.

100%