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Insurance Practice Questions - Page 3

Questions 21–30 of 30 · Page 3 of 3

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Questions

30

Solutions

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Q21LIC’s slogan “Yogakshemam Vahamyaham” is derived fromMediumSolve →Q22Which of the following is NOT an essential element of insurance contract?MediumSolve →Q23Which type of policy pays a fixed sum if the insured suffers disability due to accident?MediumSolve →Q24Which scheme provides life insurance of ₹2 lakh at premium of ₹330 per year?MediumSolve →Q25The nominee in a life insurance policy is entitled to receiveMediumSolve →Q26Which insurance scheme protects bank deposits in India?MediumSolve →Q27What is the risk cover under Atal Pension Yojana (APY)?MediumSolve →Q28In group insurance, the master policy is issued toMediumSolve →Q29Reinsurance meansMediumSolve →Q30The principle of contribution applies whenMediumSolve →

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