Exams › IBPS PO › General Awareness › Insurance
5 questions with worked solutions.
Q1. What kind of query could involve requesting information about premium payment options?
Answer: Setting up automatic bill payments
A question about premium payment options is about the mode or method of paying premiums. Setting up automatic bill payments directly relates to premium payment convenience. The other options are unrelated to premium payment methods.
Q2. Which of the following states has launched the e-VahanBima Scheme?
Answer: Telangana
The e-VahanBima Scheme is a state initiative launched by Telangana. It is associated with providing insurance-related support for vehicles through a digital platform.
Answer: All of the above
IRDAI has identified certain large insurers as Domestic Systemically Important Insurers (D-SIIs). The listed companies are included in that category, so the correct choice is All of the above.
Q4. The relation between insurer and insured is:
Answer: Insurance company and policyholder
The insurer is the insurance company that provides the insurance cover. The insured is the policyholder who buys the policy and is protected under it.
Q5. Which of the following insurance companies is not a subsidiary of India?
Answer: Iffco Tokio General Insurance Ltd
Oriental Insurance, New India Assurance, and United India Insurance are public-sector general insurance companies. Iffco Tokio General Insurance Ltd is a private joint-venture insurer, so it is not a subsidiary of India.