LIC AAO Insurance exam online test 1

What are different types of Insurance coverage?

Insured is the

Insurer is the

You have bought a Life Insurance policy. Can you be beneficiary of that policy?

Insurance is

 What is the goal of life insurance?

The amount policy owner pays to Insurance Company is known as

The amount Insurance company pays as per the Policy term is called

The purpose of General Insurance is to protect the

Insurance covers risks which

No claim bonus is

Loss Payee is

Which of the following is true for Insurance?

Auto Insurance is part of

You have bought a policy from NICL.In this case who is Insurer and who is insured?

You have a Life Insurance policy from LIC.In that policy you have mentioned your mother as Nominee? So in this case who is Beneficiary?

Which of the below insurance is not provided by Insurance companies

General Insurance policy covers

Health Insurance covers

Law of large numbers

Principle of Indemnity

Which laws are related to Insurance?

Which of the following is true for Deductible

Annuity is

What are different types of Life Insurance?

Third party insurance is related to

Application for insurance is known as

Which of the activities come/s under underwriting?

Which one is the evidence of Insurance contract?

Which is not a part of insurance policy?

Insurance companies do not do