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Friday, 27 February 2026
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Insurance Past Questions and Answers

Insurance Questions

Question 6:
family income benefit effected without capital benefit pays the sum assured from the date of?
  • A Death of the assured till a specified period
  • B Survival of the assured till a specified period
  • C Survival of the assured till a specified period
  • D Personal accident insurance
View Answer & Explanation
Question 7:
A manufacturing company whose production was abruptly stopped by fire incidence would have its claim for loss of earning settled under the class of
  • A Fire insurance
  • B All risk insurance
  • C Product liability insurance
  • D Consequential loss insurance
View Answer & Explanation
Question 8:
An insurance that could be effected with profit feauture is
  • A Term insurance
  • B Public liability insurance
  • C Endowment assurance
  • D Personal accident insurance
View Answer & Explanation
Question 9:
A condition which the insuring public would use to evaluate the financial stability of an insurer is?
  • A Prompt payment of claims
  • B Adequate reinsurance treaty
  • C Allowance for ex-gratia payment
  • D Settlement of investigated claims
View Answer & Explanation
Question 10:
A factor to be considered before a proposal for endowment assurance is accepted is the proposer's?
  • A Marital status
  • B Place of birth
  • C Date of birth
  • D Social status
View Answer & Explanation