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.

Which of the following is not an insurance concept?

Insurance is a means of protection from financial loss. The functions of insurance are risk sharing, assisting in capital formation, economic progress, etc. Lending of funds is not a function of insurance.

What is general or non 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.

Which is not covered in fire insurance?

Exclusions Under Fire Insurance Policy in India No cover for any damage/loss to any of the electrical machines, short circuit, apparatus, leakage of electricity, etc. No cover for loss/damage theft or expense incurred directly or indirectly caused by any kind of terrorist activity are not covered by the policy.

What is General Insurance and its types?

General insurance covers home, your travel, vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft. Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

What kind of life insurance has no questions asked?

An accidental death life insurance policy is a certain type of life insurance policy that is also no questions asked and no medical exam required. However, it also comes with limits.

Are there any questions on the General Insurance Test?

General Insurance Question Answers for competitive exams .  This mock test having 40 questions inGeneral Insurance, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this General Insurance test question details at the end of the quiz. General Insurance Online Mock Test

Are there any free insurance multiple choice questions?

Free download in PDF Insurance Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for competitive exams like CAT, IBPS etc. as well as Board exams. These short solved questions or quizzes are provided by Gkseries.

What does it mean to have guaranteed issue life insurance?

While there are a few limits put on the guaranteed issue policy there are a few positives. It’s guaranteed – that means that no matter your situation, you are approved for coverage no questions asked. So if you were declined for life insurance by all the companies that you applied with this may be your last option.