Survey Maker Survey Templates Contact Privacy & Security

Banca Assessment

An engaging illustration representing insurance concepts, with visuals like insurance policies, risk management symbols, and vibrant colors to attract attention.

Banca Assessment Quiz

Test your knowledge about insurance concepts and principles with our engaging quiz! Whether you are a beginner or looking to brush up on your expertise, this quiz challenges you with questions covering various aspects of insurance.

Join now to discover:

How insurance helps manage risk
The role of underwriting in insurance
Key principles of insurance you should know

15 Questions4 MinutesCreated by LearningWave974

How does Insurance help to manage risk?

Risk Avoidance

Risk Control

Risk Retention

Risk Transfer

What is the role of Underwriting in Insurance?

Risk Assessment and Classification

Processing claims

Designing Products

None of the above

Select the concept which is not related to insurance

Pooling of risk

Winning Lottery

Law of Large numbers

Adverse Selection

Which principle of Insurance demands disclosure of all material facts?

Insurable Interest

Indemnity

Utmost good faith

Indisputability Clause

Which principle of Insurance decides the relation between proposer and insured?

Utmost Good Faith

Insurable Interest

Indemnity

Human Life Value

Which of the below does not affect the risk of insured person?

Health history of Insured

Nature of Occupation of Insured

Income and Education of Insured

Age of Nominee

Term plans does not offer ___________

Death Benefit

Tax benefit

Survival Benefit

Low Premium

A plan that offers maturity benefit is called as ___________

Endowment Plan

Participating Plan

Non Participating Plan

Term Plan

A plan that offers ‘bonus’ is __________

Term Plan

Non Participating Plan

Participating Plan

ULIP

The component of premium that is used to settle Death claims is ___________

Savings

Interest

Expensed

Risk Premium

Which among the below is not a term plan from Edelweiss Tokio Life?

Protection Plan

Criticare +

Income Replacement

None of the above is correct answer

Which among the below is true for ET Life Protection plan?

Income Proof of insured is a compulsory document to be submitted with proposal

Only graduates can avail the plan

A proposer cannot propose it on another person’s life

All of the above

Which of the following plans can offer death benefit as monthly income?

Income Replacement

Simply Protect

Both A & B

None of the above

Which of the following is not true for Simply Protect?

Death benefit can be chosen from ‘lump sum’ and ‘income benefit’ options

Income Benefit option offers monthly income for 130 months after death of insured

Maximum cover ceasing age can be opted up to age 80

Monthly income in income benefit option increases at the rate of 5%

Choose the correct option from below

Limited Premium option is available in Protection and Income Replacement

Maximum age of entry in simply protect is 65 years

Premium in Protection plan has to be paid in Annual Mode

All above are correct

{"name":"Banca Assessment", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge about insurance concepts and principles with our engaging quiz! Whether you are a beginner or looking to brush up on your expertise, this quiz challenges you with questions covering various aspects of insurance.Join now to discover:How insurance helps manage riskThe role of underwriting in insuranceKey principles of insurance you should know","img":"https:/images/course1.png"}