General Insurance
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Q 41. What does ‘Paid Up’ policy means in insurance?
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Q 42. The situation where the benefits of insurance policy gets terminated due to non-payment of premium is called as
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Q 43. An insurance policy designed to protect professionals and business owners when they are found to be at fault for a specific event such as misjudgment is termed as
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Q 44. The Insurance companies provide an option of reactivating the lapsed policy, within a specific period of time post the grace period. This period is known as
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Q 45. The insurance in which risks are shared between multiple insurers is known as
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Q 46. The Pradhan Mantri Vaya Vandana Yojana (PMVVY) has been launched by
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Q 47. What percentage of annual profit does Life Insurance Corporation of India (LIC) pays its policy holder?
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Q 48. What percentage of annual profit does Life Insurance Corporation of India (LIC) pays to Central government?
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Q 49. In which bank has Life Insurance Corporation of India (LIC) bought 51% stake recently?
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