Q. In which year Life Insurance Business in India was nationalized?
✅ Correct Answer: (A)
1956
General Insurance MCQs and Notes
Q. Where is the headquarters of Life Insurance Corporation of India (LIC) located?
✅ Correct Answer: (C)
Mumbai
Q. What is the name of Satellite offices of Life Insurance Corporation of India (LIC)?
✅ Correct Answer: (A)
SAMPARK
Q. Life Insurance Corporation of India(LIC) was formed in which year?
✅ Correct Answer: (D)
1956
Q. Which among the following insurance companies is not based in Mumbai?
✅ Correct Answer: (D)
United India Insurance Company Limited
Q. The Insurance plan under which a number of employees and their dependents are insured under a single policy is known as ?
✅ Correct Answer: (A)
Group insurance
Q. Which among the following banks is a subsidiary of the Life Insurance Corporation of India (LIC)?
✅ Correct Answer: (B)
IDBI Bank
Q. The fixed amount of money paid by the insured to the insurance company regularly is called .
✅ Correct Answer: (C)
Premium
Q. The person who is specified by the insured to receive the insurance policy in case premature death is called a .
✅ Correct Answer: (A)
Nominee
Q. Selling of insurance products through banks is known as
✅ Correct Answer: (D)
Bancassurance