Insurance Questions PDF

1. Define the term insurance. Write the purpose and need of Insurance. 2. Insurance is a social security tool. explain it. 3. What is the role of insurance as an economic development? 4. What is the financial and medical underwritings in Insurance? Explain it. 5. What are the Pre-requisites of...

1. Define the term insurance. Write the purpose and need of Insurance. 2. Insurance is a social security tool. explain it. 3. What is the role of insurance as an economic development? 4. What is the financial and medical underwritings in Insurance? Explain it. 5. What are the Pre-requisites of getting a licence by an Insurance Agent? 6. Explain the process of Renewal of license. 7. Explain the meaning of Insurance agent. Who can become an insurance agent? 8. Write the condition and qualification for became an insurance agent and write the function of insurance agent. 9. What do you mean by Nomination and Assignment of Insurance Policy? What are the differences between them? 10. Who can be a nominee? Explain the type of nominees. 11. Explain the role and responsibility of an insurance agent in India. 12. Both principles of subrogation and contribution arise from the principle of protection. Explain with example. 13. What is the procedure for Claim and Settlement of Insurance Policy? 14. What are Principles of Insurance? Explain the types Insurance and differences between them. 15. Write short notes on the followings a) company profile and organisational structure b) role of Insurance in economic development c) Insurance Interest d) code of conduct and unfair practice e) contract of various kind in Insurance f) Promotional strategy and market share of Insurance g) Proposal form h) medical Insurance i) life insurance