SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 1. What is the primary purpose of insurance?
- To make money
- To manage the risk of future loss
- To avoid paying taxes
- Investing in the stock market
Q 2. What is the periodic payment made by the insured to the insurer called?
- Deductible
- Copay
- Premium
- Refund
Q 3. Who is the entity that provides insurance?
- Insured
- Insurer
- Broker
- Client
Q 4. What is the document that outlines the terms of an insurance policy called?
- Receipt
- Invoice
- Contract
- Bill
Q 5. Which type of insurance pays a lump sum at the end of a specific term or on the policyholder's death?
- Term Insurance
- Whole Life Insurance
- Endowment Insurance
- Personal Accident Cover
Q 6. What kind of insurance policy remains active as long as premiums are paid?
- Term Insurance
- Whole Life Insurance
- Endowment Insurance
- Unit Linked Insurance
Q 7. Which type of insurance combines insurance with an investment component?
- Term Insurance
- Whole Life Insurance
- Endowment Insurance
- Personal Accident Cover
Q 8. Which insurance policy provides compensation for injuries, disability, or death caused by an accident?
- Term Insurance
- Whole Life Insurance
- Endowment Insurance
- Personal Accident Cover
Q 9. What is another term for motor insurance?
- Health Insurance
- Life Insurance
- Auto Insurance
- Travel Insurance
Q 10. Which type of life insurance is active for a fixed period?
- Term Insurance
- Whole Life Insurance
- Endowment Insurance
- Personal Accident Cover
Q 11. What is the benefit of having insurance?
- Guarantees profit
- Eliminates all risk
- Provides financial protection
- Ensures free services
Q 12. Who is the person or entity buying insurance called?
- Insurer
- Broker
- Agent
- Beneficiary
Q 13. Which type of insurance pays out to your nominees in the event of your death during the policy term?
- Whole Life Insurance
- Endowment Insurance
- Term Insurance
- Motor Insurance
Q 14. What does the insurance policy contain?
- Payment receipts
- Detailed terms and conditions
- Customer testimonials
- Investment strategies
Q 15. What type of insurance is designed to protect vehicles?
- Term Insurance
- Life Insurance
- Endowment Insurance
- Personal Accident Cover