IBPS PO General Awareness: Insurance and Banking Awareness questions with solutions

Q1. What is the amount of personal accident cover now included in all vehicle insurance policies as mandated by IRDAI?

1. ₹5 lakh
2. ₹10 lakh
3. ₹12 lakh
4. ₹15 lakh

Answer: ₹10 lakh

IRDAI mandates personal accident cover of ₹10 lakh in motor insurance policies for the owner-driver. This is a standard insurance awareness fact. Hence, ₹10 lakh is correct.