Question # 1

If a person gets his property insured from ti different company's then it is called

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Whole life insurance

Double insurance

Compensatory insurance

None of these

Types of accidental insurance are:

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Four

Two

Three

One

Insurance is an agreement in which the insurer

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Gives profit

Gives interest

Compensates loss

All the above

The objective of life insurance is to

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Make investment

Lessen the financial burden

Get security for loan

All the above

The time period of rural insurance policy is:

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15 - 20 years

10 - 15years

20 - 25years

More than 25 years

In Pakistan, life insurance business was nationalized in

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1970

1972

1973

1978

The voyage policy is taken for

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Specific voyage

Specific centres

Specific person

Voyage of different countries

Group insurance is popular among

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Unemployed people

Employed of business organizations

House wives

All the above

On the death of the insured, sum is paid to:

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Friends

Dependents

Relatives

Insurer

According to Jiwan Sathi insurance, the husband and wife are provided with financial security in

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One installment

Two installments

Three installments

Four installments

The time period of rural insurance policy is

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15 - 20 years

10 - 15 years

20 - 25 years

More than 25 years

Types of accidental in insurance are

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Four

Two

Three

One

The person who gets himself insured is called

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Insured

Proposer

Insurance policy

Both a and b

If a person gets his property insured from to different company's then it is called:

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Whole life insurance

Double insurance

Compensatory insurance

None of these

In Pakistan, life insurance business was nationalized in:

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1970

1972

1973

1978

The person who gets himself insured is called:

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Insured

Proposer

Insurance policy

Both (a) and (b)

What type of security does life insurance offer

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Individual

Collective

Both a and b

None of a and b

Which insurance policy can be used as a security:

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Marine insurance

Fire insurance

Lifeinsurance

All the three

The sum of marine insurance is not paid

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

The voyage policy is taken for:

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Specific voyage

Specific centres

Specific person

Voyage of different countries

On the death of the insured, sum is paid to

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Friends

Dependents

Relatives

Insurer

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