Insurance Trivia Quiz

Welcome to your Insurance Trivia Quiz

1. 

What is the best definition of an 'Insurance premium'?

2. 

Home loan Insurance is the same Home Insurance. This statement is --

3. 

An average individual in India should most definitely have these types of insurances. Pick the option most relevant.

4. 

Home insurance can only be purchased by the home owner. This statement is:

5. 

An insurance agent receives commissions(a cut) every time he/she sells a product. Directly or indirectly, these commissions are paid by you. Which insurance product below do you suppose has the highest agent commissions?

6. 

Which type of life insurance product should one clearly avoid?

7. 

Your life insurance cover should ideally be at least N times your annual income. What's a good range for N?

8. 

What is the most effective product for life insurance?

9. 

Your employer has provided you with 5 Lakhs of Health Insurance Cover. What does this mean? (Select the option most relevant)

10. 

When you buy a new health insurance policy, several hospitalizations due to aspects like pre-existing conditions, maternity etc. may not be covered in the first few years. This period is usually called --