Weekly Insurance Digest-August 29,2021

Q-8- ‘Arogya Rakshak’, a Health insurance policy is launched by

  1. Max Life Insurance
  2. TATA AIA Life Insurance
  3. Life Insurance Corporation
  4. Aditya Birla Sun Life Insurance

Option-3 Life Insurance Corporation of India has also introduced LIC’s Arogya Rakshak policy, which is a non-linked, non-participating, regular premium, individual, health insurance policies.

Q-9- Aditya Birla Sun Life Insurance (ABSLI) has announced a reduction in the premium rates in ABSLI DigiShield Plan by up to ___________

  1. 5 percent
  2. 10 percent
  3. 15 percent
  4. 20 percent

Option-3 Aditya Birla Sun Life Insurance (ABSLI) has announced a reduction in the premium rates in ABSLI DigiShield Plan by up to 15 percent.

Q-10- ABSLI DigiShield plan allows a customer to enjoy a guaranteed recurring income starting from age _________ through the Survival Benefit Option.

  1. 55 years
  2. 60 years
  3. 65 years
  4. 70 years

Option-2 ABSLI DigiShield plan allows a customer to enjoy a guaranteed recurring income starting from age 60 years through the Survival Benefit Option.

Q-11- The standalone Personal accident plan of Niva Bupa Health Insurance,the temporary total disablement (TTD) benefit which provides __________of base sum insured per week (maximum of ₹1 lakh per week) to policyholders in case of temporary loss of income following an accident.

  1. 1%
  2. 2%
  3. 3%
  4. 4%

Option-3 The temporary total disablement (TTD) benefit provides 2% of base sum insured per week (maximum of ₹1 lakh per week) to policyholders in case of temporary loss of income following an accident.

Q-12- Who shows the willingness to set up funds for startups to help budding entrepreneurs?

  1. Life Insurance Corporation of India (LIC)
  2. Employee Provident Fund Organisation (EPFO)
  3. both above
  4. none of above

Option-3 Life Insurance Corporation of India and Employees’ Provident Fund Organisation (EPFO) have expressed their willingness to set up funds for startups to help budding entrepreneurs.

Q-13- In above question, such portal for funding purpose will be devoloped by

  1. Industrial Development Bank of India (IDBI)
  2. Small Industries Development Bank of India (SIDBI
  3. National Bank for Agriculture and Rural Development (NABARD)
  4. none of above

Option-2 Additional Secretary in the Department for Promotion for Industry and Internal Trade (DPIIT) Anil Agrawal said it was decided that a portal will be developed by the Small Industries Development Bank of India (SIDBI) for funding purposes of startups.

Q-14- In coming months, which three insurance-related firms to raise Rs 10,000 cr through IPOs?

  1. Bank Bazaar, HDFC Ergo, Medi assist
  2. Bank Bazaar, Star Health, Medi assist
  3. Policy Bazaar, HDFC Ergo, Medi assist
  4. Policy Bazaar, Star Health, Medi assist

Option-4 These companies are — PB Fintech, which runs the insurance brokerage Policybazaar; standalone health insurer Star Health & Allied Insurance Company; and third-party administrator Medi Assist Healthcare Service. They have already filed their draft prospectus with markets regulator SEBI.

Q-15- According to Check Point Research (CPR),which is the more Cyberattack prone sector in India?

  1. Banking sector
  2. Insurance sector
  3. Education sector
  4. Healthcare sector

Option-3 The education sector in India was attacked significantly more compared to other industries in the month of July globally, experiencing 5,196 attacks per week on average, a new report showed on Wednesday.

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