_________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.

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Question:
_________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.

1. Insurance value

2.Actual value

3.Replacement value

4. Guaranteed Replacement Cost

Posted Date:-2022-01-23 11:29:09

More MCQS Questions and answers

  1. A deductible is usually mentioned in
  2. A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called _____
  3. Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
  4. Agriculture Insurance Company Of India Limited' (AIC was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
  5. An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called ______
  6. Coverage against loss through stealing by individuals not in a position of trust is called ________
  7. IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956. What is the meaning of "B" in IBAI?
  8. In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured's death is termed as ______
  9. In pursuance of which one of the following was the General Insurance Corporation of India was formed?
  10. In pursuance of which one of the following was the General Insurance Corporation of India was formed?
  11. In pursuance of which one of the following was the General Insurance Corporation of India was formed?
  12. In which among the following year National Insurance Company Limited (NICL) was incorporated?
  13. In which year New India Assurance Co Ltd nationalized?
  14. In which year New India Assurance Co Ltd nationalized?
  15. In which year New India Assurance Co Ltd was found?
  16. In which year New India Assurance Co Ltd was found?
  17. Insurance is legislated by:
  18. Insurance is listed in the Constitution of India in ______scheduled as Union List subject:
  19. Limit of FDI in Insurance sector:
  20. New India Assurance Co Ltd has branches in how many countries?
  21. Oldest (1818) life insurance company is:
  22. SEF is abbreviated as _____________________
  23. The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
  24. The written insurance contract that may include all clauses, riders and endorsements. It is called?
  25. What is the CRISIL rating for New India Assurance Co Ltd located?
  26. What is the expanded form of the term ALM used in the banking sector?
  27. When was the General Insurance Council formed?
  28. When was the Insurance Regulatory and Development Authority constituted?
  29. When was Triton Insurance Company Ltd established?
  30. When was Triton Insurance Company Ltd established?
  31. Where is the head office of Agriculture Insurance Company of India Limited (AIC)?
  32. Where is the headquarters of New India Assurance Co Ltd located?
  33. Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
  34. Which of the following is an example of Broad Form Insurance?
  35. Which of the following is not a part of India's Money Market?
  36. Which of the following is not a public sector bank in India?
  37. Which of the following statements is/are true about Co-operative Banks in India?
  38. Which of the following type of insurance product is/are available in New India Assurance Co Ltd located?
  39. Which one of the following does not belong to the main products of life insurance?
  40. Which type of insurance usually requires higher premium?
  41. . Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
  42. . Which one of the following is the special drawing rights given by the International Monetary Fund to its member countries?
  43. A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as _______
  44. A method of valuing insured property or the value computed by that method is known as
  45. A seller's market in which insurance is expensive and in short supply is termed as _______
  46. Chairman of Life Insurance Corporation of India is:
  47. Fiscal policy is related with which of the following?
  48. Headquarter of LIC is situated at:
  49. In which city the head office of Corporation Bank is situated?
  50. Investment in ULIPs is related to which section of the Income Tax Act?
  51. Largest Life Insurance Company in India is:
  52. Life Insurance Corporation was found on:
  53. New India Assurance Co Ltd has branches in how many countries?
  54. New India Assurance Co Ltd is a type of?
  55. Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-
  56. UHIS has launched by the Government of India is already in existence for persons and families below the poverty line with the element of subsidy from the Government. UHIS stands for-
  57. What does the letter 'S' denote in the term IFSC?
  58. What is PAC?
  59. What is the CRISIL rating for New India Assurance Co Ltd located?
  60. What is the function of IRDA?
  61. What is/are true about IMF?
  62. What percent are shares of New India Assurance Co Ltd owned by Government of India?
  63. What percent shares of New India Assurance Co Ltd is owned by Government of India?
  64. When did insurance begin in Babylon?
  65. When was general insurance business nationalised?
  66. When was Life Insurance sector nationalised?
  67. When was the Export Credit Guarantee Corporation of India established?
  68. When was the General Insurance Corporation of India incorporated?
  69. When was the Indian Mercantile Insurance established?
  70. When was the Indian Mercantile Insurance established?
  71. When was the Oriental Life Insurance Company established?
  72. Where is the headquarters of New India Assurance Co Ltd located?
  73. Which bank has started as a private shareholders bank, mostly by European shareholders?
  74. Which bank is the sponsor of Prathama Gramin Bank?
  75. Which is a fixed amount for a covered service in the health sector?
  76. Which of the following form is designed to be used by many different insurers and has exactly the same provisions?
  77. Which of the following is a combination of insurance as well as an investment?
  78. Which of the following is not the principle of insurance:
  79. Which of the following organization decides Repo Rate?
  80. Which of the following statements is/are true about NABARD?
  81. Which one of the following does not belong to regulatory bodies in India?
  82. Which one of the following does not belong to the major general insurance private sector companies in India?
  83. Which policy referring to policies that provide coverage only for the loss caused by the perils?
  84. Which was an oldest insurance company, found in 1906:
  85. Which was the first Indian bank started solely with Indian Capital?
  86. Who is the present CMD of New India Assurance Co Ltd?
  87. _______, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
  88. _________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.
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