1. “Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas” is the tagline of which insurance company?

A. LIC B. New India Assurance C. National Insurance D. Oriental Insurance

2. “Sampann Bharath ki pehchan,Beemith Phasal Khusal Kisan”is the tagline of which insurance company?

A. LIC B. New India Assurance C. National Insurance D. Agricultural Insurance

3. “You Focus on Exports. We recover the risks.”is the tagline of which insurance company?

A. LIC B. New India Assurance C. National Insurance D. ECGC

4. “With Us, You’re Sure” is the tagline of which insurance company?

A. SBI Life B. New India Assurance C. National Insurance D. ECGC

5. “Zimmedari ka humsafar” is the tagline of which insurance company?

A. SBI Life B. ICICI Prudential Life C. National Insurance D. ECGC

Answers and Explanation
1. Answer - Option D
Explanation -
Oriental Insurance Company Ltd. is one of the public sector non-life insurance company in India. The headquarters of the company is located in New Delhi with 30 regional offices and more than 1800 active branches across the country.
2. Answer - Option D
Explanation -
Agriculture Insurance Company of India Limited is head quartered in New Delhi.It offers yield-based and weather-based crop insurance programs in almost 500 districts of India.
3. Answer - Option D
Explanation -
ECGC Limited is a company wholly owned by the Government of India based in Mumbai. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.
4. Answer - Option A
Explanation -
SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas Cardiff. SBI owns 74% of the total capital and BNP Paribas Cardiff the remaining 26% of the capital.
5. Answer - Option B
Explanation -
ICICI Prudential Life Insurance Company is one of the leading life insurance players in India which has assets held over Rs. 100,000 crore. The company is a joint venture between ICICI Bank and Prudential plc, a leading international financial services group headquartered in the United Kingdom.

1. ___________ is the insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter.

A. Personal Insurance B. Commercial Insurance C. Industrial Insurance D. Liability Insurance

2. __________ is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster.

A. Personal Insurance B. Commercial Insurance C. Industrial Insurance D. Liability Insurance

3. An individual who sells, services, or negotiates insurance policies either on behalf of a company or independently is called ________

A. Seller B. Agent C. Service Provider D. Aggregate

4. A demand made by the insured, or the insured’s beneficiary, for payment of the benefits as provided by the policy is known as ______

A. Claim B. Request C. Demanding D. Aggregate

5. A person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held is called _____

A. Adjuster B. Agent C. Service Provider D. Aggregate

Answers and Explanation
1. Answer - Option A
Explanation -
Insurance purchased for personal or family protection purposes is known as Personal Insurance.
2. Answer - Option B
Explanation -
It is used to cover any type of commercial property.
3. Answer - Option B
Explanation -
An agent is a person who represents an insurance firm and sells insurance policies on its behalf or independently.
4. Answer - Option A
Explanation -
An insurance claim is a formal request to an insurance company asking for a payment based on the terms of the insurance policy.
5. Answer - Option A
Explanation -
The person who investigates insurance claims to determine the extent of the insuring company’s liability. That particular person also known as Claim Adjuster

1. Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called _________

A. Personal Insurance B. Commercial Insurance C. Industrial Insurance D. Automobile Liability Insurance

2. Who among the following can take Fire policy?

A. Godown Keepers. B. Shop Keepers. C. Educational/ Research Institutions. D. All of the Above

3. An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known as _________

A. Adjuster B. Beneficiary C. Service Provider D. Aggregate

4. Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap and ransom, and off-premises exposure is known as _______

A. Fire Policy B. Burglary Policy C. Jewellers Block Policy D. None of the Above

5. A form of liability insurance providing coverage for negligent acts and omissions such as workers compensation, errors and omissions, fidelity, crime, glass, boiler, and various malpractice coverages is called ________

A. Casualty Insurance B. Commercial Insurance C. Industrial Insurance D. Automobile Liability Insurance

Answers and Explanation
1. Answer - Option D
Explanation -
Automobile Liability Insurance covers injuries or damages to third parties and their property, not to the driver or the driver’s property.
2. Answer - Option D
Explanation -
Fire insurance is insurance that is used to cover damage to a property caused by fire. It is a specialized form of insurance beyond the property insurance. It is designed to cover the cost of replacement, reconstruction or repair which all are not covered by the property insurance policy.
3. Answer - Option B
Explanation -
A person who derives advantage from something, especially a trust, will, or life insurance policy etc., is called beneficiary
4. Answer - Option B
Explanation -
Insurance against loss or damage resulting from or following the unlawful breaking and entering of designated premises or places of safekeeping is known as Burglary policy. This Policy is designed to cover business premises only like godown, factory, office etc.,
5. Answer - Option A
Explanation -
Casualty Insurance is not directly concerned with life insurance, health insurance, or property insurance. It is mainly liability coverage of an individual or organization for negligent acts or omission.