Insurance Sector

Where are the headquarters of IrDA?

The headquarters of IRDA is located in – [A]Delhi [B]Mumbai [C]Chennai [D]Hyderabad Show Answer Hyderabad The headquarters of Insurance Regulatory and Development Authority (IRDA) of India is located in Hyderabad.

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What is covered in Hospitalization Insurance policy?

In context of heath insurance, under which policy the insurer pays the total or partial amount of the insured person’s hospital bills? [A]Hospitalization policy [B]Hospital Daily Cash Benefit policy [C]Critical Illness benefit policy [D]All of the above Show Answer Hospitalization policy The Hospitalization policy covers, fully or partly, the actual cost of the treatment for ..

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Under which section of Income Tax Act, the insured person can claim for tax deduction for the amount invested in insurance?

Under which section of Income Tax Act, the insured person can claim for tax deduction for the amount invested in insurance? [A]section 80D [B]section 81D [C]section 83D [D]section 79D Show Answer Section 80D Under section 80D of the income tax act, the insured person who takes out the policy can claim for tax deduction for ..

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Foundation date of LIC of India?

On which date, Life Insurance Corporation of India (LIC) was established? [A]January 19,1956 [B]September 1,1956 [C]August 19,1956 [D]December 1,1956 Show Answer September 1,1956 As per the Life Insurance Corporation Act, 1956, Life Insurance Corporation of India (LIC) was founded by Government of India on September 1,1956.

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What is Policy Lapse in Insurance?

Which term refers to termination of a policy due to failure to pay the required renewal premium. [A]Actuary [B]Annuity [C]Policy Lapse [D]CMO Show Answer Policy Lapse Policy Lapse refers to termination of a policy due to failure to pay the required renewal premium.

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