What is not a type of general insurance?

• Health Insurance.
• Travel Insurance.
• Motor Insurance.
• Marine Insurance.
• Home Insurance.
• Commercial Insurance.

• Life Insurance. Life insurance provides for your family if you unexpectedly die. ...
• Health Insurance. ...
• Long-Term Disability Coverage. ...
• Auto Insurance.

Which of the following is not insurance?

Lending funds is not a function of insurance. Among the given options option (c) lending funds is the correct answer. Explanation: The main functions of insurance are : Protection, Risk sharing , Asset in capital formation, Providing certainty.

Which is not included in insurance work?

Health insurance typically covers most doctor and hospital visits, prescription drugs, wellness care, and medical devices. Most health insurance will not cover elective or cosmetic procedures, beauty treatments, off-label drug use, or brand-new technologies.

Which of the following is not a type of general insurance Mcq?

Life Insurance is not a type of general insurance.

Is life insurance general insurance?

While life insurance covers the life of a person, general insurance provides cover to other aspects and assets in a person's life, for example, health, car, travel, home, etc.

What are the seven types of insurance?

What are the 3 main types of life insurance?

Whole life insurance, universal life insurance, and term life insurance are three main types of life insurance.

What are the 3 main types of car insurance?

There are three levels of car insurance cover: Fully comprehensive. Third party. Third party, fire and theft.

What are five types of insurance?

Home or property insurance, life insurance, disability insurance, health insurance, and automobile insurance are five types that everyone should have.

Which is not a life insurance *?

General insurance, property insurance and casualty insurance are other names of non-life insurance. It can be defined as any insurance that is not related to life insurance. People, legal liabilities and properties are covered under a non-life insurance policy.

What are the 2 types of insurance?

Is general insurance and non-life insurance same?

The amount payable under life insurance is confined to the actual loss suffered. In conclusion, Life insurance has a component of savings and General insurance has no such component. Life insurance is an insurance against life- risk only and General Insurance is insurance against motor, fire etc.

What is non motor insurance?

This insurance provides coverage for legal liability made by third parties against the insured under the following circumstances: For accidental loss or damage to property that belong to a third party. Bodily injury or death to a third party.

Which is not public sector general insurance company in India Mcq?

The correct answer is SBI Life Insurance. SBI Life is an Indian life insurance company that was started as a joint venture between the State Bank of India and French financial institution BNP Paribas Cardiff. Hence SBI Life insurance is NOT a public sector insurance company.

Which of the following are the various types of insurance Mcq?

Which is not insured by property insurance?

Property insurance policies normally exclude damage that results from a variety of events, including tsunamis, floods, drain and sewer backups, seeping groundwater, standing water, and a number of other sources of water. Mold is usually not covered, nor is the damage from an earthquake.

What is not covered in group health insurance?

Types of exclusions in health insurance

Pre-existing illnesses. War/radiation-induced illnesses/injuries. Voluntary medical procedures/tests. External durable items.

Which one of the following does not represent an insurable risk?

A non-insurable risk is a risk that the insurance company deems too hazardous or financially impractical to take on. These are typically risks that are commercially uninsurable, illegal for the insurance company to insure, or hold the potential for catastrophic loss. Common examples include: Residential overland water.

Which among the following is not an insurance company functioning in India?

Explanation: NSDL is the national authoritative body that holds the entire database for all the existing relevant and past securities that operate within India. Therefore it is an institution that does not promote or sell insurance schemes and is therefore not an insurance company.

Which of the following is not a primary objective of insurance regulation?

Which of the following is NOT a primary objective of insurance regulation? All of these are considered objectives of insurance regulation EXCEPT "interpret policy provisions". Which type of jurisdiction requires an insurer to have its rates accepted by the Insurance Department prior to using them?