Business & Finance Questions and Answers



Recent Questions :: Business & Finance

708 QuestionsPage 1 of 71.

Main Section of the health insurance Policy

Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?

Asked by: Dheeraj Pawar on Mar 20, 2019.

Maximum Stake for the Foreign Partner in Insurance Company

Under current regulations what is the maximum stake that the Foreign Partner in Insurance Company holds?

Asked by: Shiv Narayan Kachhi on Mar 17, 2019.EDIT

Advertising Through the Newspaper: Type of Marketing

An insurer advertises through the daily newspaper. What type of marketing is?
1) Cross-selling
2) Policy selling
3) Solicitation of Policy
4) Insurance selling

Asked by: Ujala on Feb 5, 2019.EDIT

Question on Insurance : Insurance is a mechanism of;

Answer the following Insurance Question.

1. If Hema takes a policy to whom she transfers the risk?
a) agent
b) IRDA
c) insurance company
d) none of the above

2. The Foreign Direct Investment (FDI) in the Indian Insurance Industry is allowed up to.....
a) 0%
b) 0%
c) 0%
d) 0%

3. Insurance is a mechanism of
a) Risk retention
b) Pooling of risk
c) Risk transfer
d) none of the above

4. The insurance products designed by the insurance Companies may not
a) Take care of the needs of individuals in different life stages
b) Provide varied investment options
c) Provide flexibility and add-on benefits
d) Guarantee capital appreciation

Asked by: Ziyaul on Jan 28, 2019.

Details of IRDA

I.R.D.A was incorporated as a statutory body in _______.

Asked by: Ajay on Jan 17, 2019.  Answers (1)

Maximum Stake Range

Under current regulations what is the maximum stake that the Foreign Partner in Insurance Company holds?

Asked by: Gaurav Yadav on Jan 4, 2019.

Choose the Statement which is not Applying for Direct Marketing in Life Insurance

Which of the following statements does not apply to Direct Marketing in life insurance?

a) Sourcing the business through agent advisor
b) Contract in concluded between the insurance companies and insured with no middlemen.
c) E sales refer to sales of insurance product through internet where no intermediaries are involved.
d) The insurance companies can sell the products much cheaper as intermediary commissions are eliminated

Asked by: Tumpadsa on Dec 20, 2018.  Answers (1)

Limit of Foreign Direct Investment

The Foreign Direct Investment (FDI) in the Indian Insurance Industry is allowed up to?

Asked by: Namdev Chate on Dec 11, 2018.

Choose the Option Which is not a Benefit of Online Insurance Sales

Which of the following is not a benefit of online insurance sales?

1. The cost is lower
2. No percentage to be passed to intermediaries
3. Benefit of low cost are passed on to Agents
4. Benefit of low cost are passed on to Customers

Asked by: Surjeet Rao on Oct 29, 2018.

Concept of Insurance Involves a Transfer

The concept of insurance involves a transfer of;
a) liability
b) needs
c) ownership
d) risk

Asked by: Surjeet Rao on Oct 29, 2018.EDIT

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