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1 1 Adda247 No. 1 APP for Banking & SSC Preparation

2 Q1. General Insurance Corporation (GIC) of India is a state owned enterprise in India. Where is the head office of GIC? (a) Kolkata (b) Chennai (c) New Delhi (d) Mumbai (e) Hyderabad Q2. Life Insurance Corporation of India is an Indian state-owned insurance group and investment company. In which year LIC was founded? (a) 1956 (b) 1952 (c) 1961 (d) 1935 (e) 1955 Q3. General Insurance Corporation (GIC) of India was incorporated on under the Companies Act, 1956 as a private company limited by shares. (a) 01st July 1955 (b) 01st April 1935 (c) 22nd November 1972 (d) 12th April 1992 (e) 12th November 1992 Q4. LIC was formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. from the Government of India. (a) Rs. 10 crore (b) Rs. 50 crore (c) Rs. 100 crore (d) Rs. 1 crore (e) Rs. 5 crore Q5. Who is present Chairman-cum-Managing Director of GIC? (a) Tajinder Mukherjee (b) Alice G Vaidyan (c) TL Alamelu (d) Atul Sahai (e) AV Girija Kumar 2 Adda247 No. 1 APP for Banking & SSC Preparation

3 Q6. Who is the Chairman In-charge and Managing Director of LIC of India? (a) Hemant Bhargava (b) B Venugopal (c) Subhash Chandra Garg (d) Girish Chandra Murmu (e) Alice G Vaidyan Q7. Where is the headquarter of LIC? (a) Kolkata (b) Mumbai (c) New Delhi (d) Chennai (e) Hyderabad Q8. The New India Assurance Company Limited (NIACL) was founded in- (a) 1935 (b) 1921 (c) 1919 (d) 1949 (e) 1956 Q9. Who is present Chairman cum Managing Director of UIIC? (a) Susmita Mukherjee (b) M Shahul Hameed (c) Tajinder Sharma (d) Girish Radhakrishnan (e) Atul Sahai Q10. Where is the headquarter of NIACL? (a) Kolkata (b) Hyderabad (c) New Delhi (d) Chennai (e) Mumbai Q11. United India Insurance Company Limited was incorporated as a Company on- (a) 10th February 1956 (b) 26th February 1989 (c) 26th February 1949 (d) 18th February 1938 (e) 15th February Adda247 No. 1 APP for Banking & SSC Preparation

4 Q12. Who is current Chairman cum Managing Director of NIACL? (a) Atul Sahai (b) M Shahul Hameed (c) Tajinder Sharma (d) Girish Radhakrishnan (e) Susmita Mukherjee Q13. Where is the Head Office of UIIC? (a) Bengaluru (b) Mumbai (c) New Delhi (d) Kolkata (e) Chennai Q14. The Oriental Insurance Company Ltd was incorporated at Bombay on- (a) 12th September 1956 (b) 12th September 1947 (c) 12th September 1962 (d) 12th September 1982 (e) 12th September 1961 Q15. Where is the Head Office of National Insurance Company Limited (NICL)? (a) Hyderabad (b) Mumbai (c) Kolkata (d) Chennai (e) Mumbai Q16. Who is present Chairman-Cum-Managing Director of Oriental Insurance Company Limited (OICL)? (a) TL Alamelu (b) AV Girija Kumar (c) Girish Radhakrishnan (d) Tajinder Mukherjee (e) Atul Sahai Q17. NIC (National Insurance Company Limited) is India s oldest general insurance Company. It was incorporated on- (a) 27th December 1956 (b) 02nd December 1949 (c) 21st December 1935 (d) 17th December 1920 (e) 05th December Adda247 No. 1 APP for Banking & SSC Preparation

5 Q18. In 2003 all shares of Oriental Insurance Company Limited held by the General Insurance Corporation of India have been transferred to- (a) LIC (b) IRDAI (c) Central Government (d) RBI (e) Finance Ministry Q19. Who is present Chairman-Cum-Managing Director of National Insurance Company Limited? (a) Tajinder Mukherjee (b) AV Girija Kumar (c) Girish Radhakrishnan (d) TL Alamelu (e) Atul Sahai Q20. Where is the Head Office of Oriental Insurance Company Limited? (a) Hyderabad (b) Chennai (c) Mumbai (d) New Delhi (e) Kolkata Q21. Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act. (a) 1956 (b) 1961 (c) 1949 (d) 1969 (e) 1980 Q22. Recommendations of which committee, The Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry? (a) Sivaraman Committee (b) Malhotra Committee (c) Rangarajan Committee (d) Mehta Committee (e) Reddy Committee Q23. What was the authorised capital of Agriculture Insurance Company of India Limited (AIC)? (a) Rs Crores (b) Rs Crores (c) Rs Crores (d) Rs. 500 Crores (e) Rs. 100 Crores 5 Adda247 No. 1 APP for Banking & SSC Preparation

6 Q24. Which of the following is/are functions and duties of IRDAI? (a) Registering and regulating insurance companies (b) Protecting policyholders interests (c) Licensing and establishing norms for insurance intermediaries (d) Promoting professional organisations in insurance (e) All of the above are functions and duties of IRDAI Q25. Where is the Registered Office of Agriculture Insurance Company of India Limited? (a) Hyderabad (b) Chennai (c) Mumbai (d) New Delhi (e) Kolkata Q26. Insurance Regulatory and Development Authority (IRDA) was set up as autonomous body under which act? (a) IRDA Act, 1996 (b) IRDA Act, 1999 (c) IRDA Act, 2000 (d) IRDA Act, 2002 (e) IRDA Act, 1995 Q27. Who is current Chairman-cum-Managing Director of Agriculture Insurance Company of India Limited? (a) Tajinder Mukherjee (b) AV Girija Kumar (c) Girish Radhakrishnan (d) TL Alamelu (e) Alamelu T Lakshmanachari Q28. Parliament was passed Insurance Laws (Amendment) Bill, The amendment bill hikes Foreign Direct Investment (FDI) cap in the insurance sector to percent from present 26 percent. (a) 49% (b) 40% (c) 64% (d) 75% (e) 100% 6 Adda247 No. 1 APP for Banking & SSC Preparation

7 Q29. Name the insurance that is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. (a) Property Insurance (b) Health Insurance (c) Motor Insurance (d) Life Insurance (e) Travel Insurance Q30. A may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy conditions. (a) Policy Charges (b) Administration Charges (c) Surrender Charges (d) Fund Switching Charge (e) Mortality Charges Q31. Who is the present Chairman of IRDAI? (a) TS Vijayan (b) Subhash Chandra Khuntia (c) Ajay Tyagi (d) HK Bhanwala (e) David Rasquinha Q32. Name the insurance that is insurance of buildings, machinery, stocks etc against Fire and Allied Perils, Burglary Risks and so on. (a) Health Insurance (b) Property Insurance (c) Motor Insurance (d) Life Insurance (e) Travel Insurance Q33. Where is the headquarters of IRDAI? (a) Bengaluru (b) Mumbai (c) New Delhi (d) Chennai (e) Hyderabad 7 Adda247 No. 1 APP for Banking & SSC Preparation

8 Q34. Which of the following are the charges to provide for the cost of insurance coverage under the plan? (a) Policy Charges (b) Administration Charges (c) Surrender Charges (d) Fund Switching Charge (e) Mortality Charges Q35. The IRDAI was incorporated as a statutory body in- (a) April 2000 (b) May 2001 (c) December 1999 (d) August 1991 (e) January 2003 Q36. is a percentage of the premium appropriated towards charges before allocating the units under the policy. (a) Premium Allocation Charge (b) Mortality Charges (c) Surrender Charges (d) Fund Switching Charge (e) Service Tax Deduction Q37. ULIP is a life insurance product, which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds. What is the full form of ULIP? (a) Unit Linked Insurance Policy (b) Unit Linked Instant Plan (c) Universal Linked Insurance Plan (d) Unit Linked Insurance Plan (e) Unique Linked Insurance Plan Q38. In insurance, IBNR claims is the amount owed by an insurer to all valid claimants who have had a covered loss but have not yet reported it. What is the meaning of "I" in IBNR? (a) Initial (b) Institute (c) Insurance (d) Incurred (e) Indian 8 Adda247 No. 1 APP for Banking & SSC Preparation

9 Q39. is the method by which firms evaluate potential losses and take action to reduce or eliminate such threats. (a) Risk Retention (b) Risk Management (c) Risk control (d) Risk Transfer (e) Risk Avoidance Q40. From which year the General Insurance Council has been constituted under section 64C of the Insurance Act, 1938? (a) 2000 (b) 2002 (c) 2001 (d) 2004 (e) 2003 Q41. Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas is the slogan of- (a) General Insurance Corporation of India (b) Oriental Insurance Company Limited (c) United India Insurance Company (d) New India Assurance Company Limited (e) National Insurance Company Limited Q42. What is the tagline of Bajaj Allianz Life Insurance Company Limited? (a) Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas (b) Zimmedari ka humsafar (c) You click, we cover (d) Karo Zyada ka Iraada (e) Jiyo Befiqar Q43. The General Insurance Council has been constituted under section 64C of the Insurance Act, 1938 by- (a) IRDAI (b) Government of India (c) Finance Ministry (d) NABARD (e) LIC Q44. Name the insurance that is refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies. (a) Life Insurance (b) Travel Insurance (c) Motor Insurance (d) Umbrella Insurance (e) Flood Insurance 9 Adda247 No. 1 APP for Banking & SSC Preparation

10 Q45. Where is the head office of General Insurance Council? (a) Pune (b) Chennai (c) Mumbai (d) New Delhi (e) Kolkata Q46. A is a person who has an insurance policy with an insurance company. (a) ADO (b) Policyholder (c) Assistant Administrative Officer (d) Insurance Agent (e) Premium Q47. TPA is a person or organization that processes claims and performs other administrative services in accordance with a service contract, usually in the field of employee benefits. What is the full form of TPA? (a) Third Party Allowed (b) Treaty Party Administration (c) Third Panel Administration (d) Third Party Assistant (e) Third Party Administration Q48. Who are responsible for clerical completion of all claim files in insurance sector? (a) Insurance Agent (b) Frequency-Severity Matrix (c) Claim Service Representative (d) Third Party Administration (e) Assistant Administrative Officer Q49. offers cover for third party liabilities (Bodily Injury / Property Damage) arising out of the premises and operations of the Insured and legal costs incurred in connection therewith. (a) Public Liability Insurance (b) Negotiated Dealing System (c) Trade Related Investment Measures (d) Board for Industrial and Financial Reconstruction (e) Insurance Regulatory and Development 10 Adda247 No. 1 APP for Banking & SSC Preparation

11 Q50. is the written insurance contract that may include all clauses, riders and endorsements. (a) Pooling (b) Peril (c) Premium (d) Policy (e) Physical Hazard Q51. The Executive Council of Insurers, previously known as Governing Body of Insurance Council (GBIC) has been established under the Insurance Ombudsman Rules to set-up and facilitate the Institution of Insurance Ombudsman in India. (a) 2015 (b) 2016 (c) 2014 (d) 2018 (e) 2017 Q52. The four public sector general insurance companies have been implementing UHIS for improving the access of health care to poor families. What is the full form of UHIS? (a) Usually Health Insurance Scheme (b) Unique Health Insurance Scheme (c) Universal Health Insurance Service (d) Universal Health Insurance Scheme (e) Universal Health Insurance Security Q53. Who is the present Chairman of Office of the Executive Council of Insurers? (a) Sudhir Shyam (b) Nilesh Sathe (c) Hemant Bhargava (d) Sanjeev Nautiyal (e) SS Gopalarathnam Q54. The Universal Health Insurance Scheme (UHIS) has been redesigned targeting only the BPL families. The premium subsidy has been enhanced from to for an individual. (a) Rs 300 to Rs 500 (b) Rs 100 to Rs 200 (c) Rs 400 to Rs 500 (d) Rs 300 to Rs 800 (e) Rs 1000 to Rs Adda247 No. 1 APP for Banking & SSC Preparation

12 Q55. IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956 in- (a) 2001 (b) 1999 (c) 2005 (d) 1998 (e) 2003 Q56. What is risk in insurance sector? (a) The funds an insurance company sets aside to pay for reported but outstanding claims (b) Voluntary programs that are available from the government or private firms (c) The uncertainty concerning the occurrence of a financial loss (d) A course or principle of action adopted or proposed by an organization or individual (e) Avoiding the risk altogether Q57. The main objects of IBAI are to promote interaction among the Insurance/Re-insurance Broker members. IBAI stands for- (a) Insurance Banking Association of India (b) Insurance Brokers Assembly of India (c) Insurance Brokers Agency of India (d) Insurance Brokers Association of Institute (e) Insurance Brokers Association of India Q58. is a professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. (a) Actuary (b) Applicant (c) Agent (d) Assuming Company (e) Assets Q59. Where is the Corporate Office of Insurance Brokers Association of India? (a) Gurugram (b) Pune (c) New Delhi (d) Mumbai (e) Lucknow Q60. is a term which is private wrong against a person for which the injured person may recover damages, i.e. monetary compensation in insurance sector. (a) Premium (b) Tort (c) Loss (d) Agency (e) Policy 12 Adda247 No. 1 APP for Banking & SSC Preparation

13 Q61. IGMS is an online consumer complaints registration system created by IRDA. What is the full form of IGMS? (a) Integrated Grievance Management Service (b) Integrated Grievance Management System (c) Integrated Grievance Management Scheme (d) Integrated Grievance Management Security (e) Integrated Grievance Management Scene Q62. The Insurance Act was amended in to regulate investments and set minimum solvency margins and the Tariff Advisory Committee (TAC) was set up then to mandate policy wordings (insuring clause, terms, conditions, clauses, warranties, etc) and regulate general insurance premium rates. (a) 1956 (b) 1992 (c) 1982 (d) 1979 (e) 1968 Q63. A specific risk or cause of loss covered by an insurance policy, such as a fire, windstorm, flood, or theft. It is called? (a) Peril (b) Pooling (c) Proximate (d) Premium (e) Policy Q64. In which year, Insurance Information Bureau of India was established by the Insurance Regulatory and Development Authority of India (IRDAI)? (a) 1995 (b) 1999 (c) 2005 (d) 2009 (e) 2001 Q65. is the only dedicated Institution for education in Insurance and Actuarial Science in the World. (a) IBAI (b) IRDAI (c) IIRM (d) IIB (e) IGMS 13 Adda247 No. 1 APP for Banking & SSC Preparation

14 Q66. Insurance Information Bureau was registered as an independent society under the Andhra Pradesh Societies Registration Act on- (a) 24th October 2010 (b) 08th March 2017 (c) 17th September 2009 (d) 12th June 2015 (e) 21st November 2012 Q67. RSBY is a government-run health insurance programme for the Indian poor. What is the meaning of "S" in RSBY? (a) Service (b) Scheme (c) Security (d) Swasthya (e) System Q68. Andhra Pradesh Societies is governed by a Governing Council headed by- (a) Chairman, SEBI (b) Chairman, LIC (c) Chairman, IRDAI (d) Governor, RBI (e) Finance Minister Q69. Aam Aadmi Bima Yojana is a social security scheme introduced by the Government of India. The beneficiaries can apply for this scheme without any cost as the specified premium amount of is mutually shared by the Central and State Governments. (a) Rs 500 (b) Rs 200 (c) Rs 700 (d) Rs 400 (e) Rs 100 Q70. Where is the Head Office of Insurance Information Bureau? (a) Hyderabad (b) Mumbai (c) Bengaluru (d) New Delhi (e) Chennai 14 Adda247 No. 1 APP for Banking & SSC Preparation

15 Q71. Which of the following is/are the benefit/benefits of Aam Aadmi Bima Yojana? (a) If the person had a natural death, the nominee or the family member of the policyholder would be conferred a sum of Rs. 30,000/- (b) If the person died due to accident or has been permanently incapacitated in an accident, Rs. 75,000 will be given to the nominee or the family member of the policyholder (c) If the person met with permanent partial disability in an accident which results in the loss of an eye or limb or any other mishaps; Rs. 37,500 will be given to the nominee or the family member of the policyholder (d) All of the above are benefits of Aam Aadmi Bima Yojana (e) None of the given options is true Q72. Beneficiaries under RSBY are entitled to hospitalization coverage up to Rs. for most of the diseases that require hospitalization. (a) Rs. 30,000/- (b) Rs. 20,000/- (c) Rs. 50,000/- (d) Rs. 90,000/- (e) Rs. 10,000/- Q73. What is the eligible age range under the Aam Aadmi Bima Yojana? (a) 16 to 55 years (b) 21 to 60 years (c) 18 to 59 years (d) 25 to 68 years (e) 20 to 62 years Q74. Aam Admi Bima Yojana has come into effect from- (a) 01st January 2017 (b) 01st January 2015 (c) 01st January 2014 (d) 01st January 2016 (e) 01st January 2013 Q75. Who is the present Chief Executive Officer of Insurance Information Bureau of India (IIB)? (a) PVS Srikanth (b) Kunnel Prem (c) Sai Kumar (d) KS Jagadeesha Reddy (e) Jacob K Thomas 15 Adda247 No. 1 APP for Banking & SSC Preparation

16 Q76. is a self-financing social security and health insurance scheme for Indian workers. (a) Employees' State Institute (b) Employees' State International (c) Employees' State Insurance (d) Employees' State Indian (e) Employees' State Installment Q77. The Insurance Ombudsman scheme was created by the for individual policyholders to have their complaints settled out of the courts system in a cost-effective, efficient and impartial way. (a) ESIC (b) RBI (c) Finance Ministry (d) IRDAI (e) Government of India Q78. In which city, the Employees' State Insurance scheme was inaugurated by former Prime Minister Pandit Jawahar Lal Nehru? (a) Kanpur (b) Patna (c) Kolkata (d) New Delhi (e) Varanasi Q79. There are at present Insurance Ombudsman in different locations and any person who has a grievance against an insurer. (a) 30 (b) 23 (c) 21 (d) 17 (e) 14 Q80. The Employees' State Insurance scheme was inaugurated on- (a) 26th February 1989 (b) 24th February 1952 (c) 17th February 1961 (d) 10th February 1969 (e) 29th February Adda247 No. 1 APP for Banking & SSC Preparation

17 Q81. What are the complaints that are entertained by the Insurance Ombudsman? (a) Delay in settlement of claims, beyond the time specified in the regulations, framed under the Insurance Regulatory and Development Authority of India Act, 1999 (b) Any partial or total repudiation of claims by the life insurer, General insurer or the Health insurer (c) Disputes over premium paid or payable in terms of insurance policy (d) All of the above (e) None of the given options is true Q82. Who is the present Director General of Employees' State Insurance Corporation? (a) Raj Kumar (b) Sandhya Shukla (c) Garima Bhagat (d) RK Kataria (e) PL Chaudhari Q83. The Insurer shall comply with the Award within days from the date of receipt of the Award and intimate of its compliance to the Insurance Ombudsman. (a) 75 days (b) 45 days (c) 60 days (d) 15 days (e) 30 days Q84. IRDAI has launched the Integrated Grievance Management System (IGMS) in- (a) 2015 (b) 2012 (c) 2010 (d) 2005 (e) 1999 Q85. Where is the Head Office of ESIC? (a) Chennai (b) Kolkata (c) New Delhi (d) Mumbai (e) Pune Q86. Central Government Health Scheme is providing comprehensive medical care to the Central Government employees and pensioners enrolled under the scheme. In which year Central Government Health Scheme was launched? (a) 1949 (b) 1954 (c) 1951 (d) 1960 (e) Adda247 No. 1 APP for Banking & SSC Preparation

18 Q87. Janashree Bima Yojana (JBY) was launched on- (a) 10th August 2002 (b) 10th August 2007 (c) 10th August 2000 (d) 10th August 2010 (e) 10th August 2005 Q88. Universal Health Insurance Scheme (UHIS) are provides for reimbursement of medical expenses upto- (a) Rs.30,000/- (b) Rs.10,000/- (c) Rs.25,000/- (d) Rs.50,000/- (e) Rs.20,000/- Q89. PMFBY is the government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform. What is the full form of PMFBY? (a) Pradhan Mantri Financial Bima Yojana (b) Pradhan Mantri Fasal Base Yojana (c) Pradhan Mantri Fasal Bank Yojana (d) Pradhan Mantri Fasal Bima Yojana (e) Pradhan Mantri Farmer Bima Yojana Q90. What is objective of PMFBY? (a) providing financial support to farmers suffering crop loss/damage arising out of unforeseen events (b) stabilizing the income of farmers to ensure their continuance in farming (c) encouraging farmers to adopt innovative and modern agricultural practices (d) ensuring flow of credit to the agriculture sector; which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks (e) All of the above Q91. Government through the Budget Speech announced three ambitious Social Security Schemes pertaining to the Insurance and Pension Sectors, namely PMJJBY, PMSBY and an the APY to move towards creating a universal social security system, targeted especially for the poor and the under-privileged. Hon ble Prime Minister launched PMJJBY and PMSBY schemes nationally in- (a) Pune (b) Patna (c) Mumbai (d) Kolkata (e) New Delhi 18 Adda247 No. 1 APP for Banking & SSC Preparation

19 Q92. What is the full form of PMSBY? (a) Pradhan Mantri Suraksha Bima Yojana (b) Pradhan Mantri Security Bima Yojana (c) Pradhan Mantri Suraksha Banking Yojana (d) Public Management Suraksha Bima Yojana (e) Pradhan Mantri Service Base Yojana Q93. HDFC Life is a long-term life insurance provider, offering individual and group insurance. HDFC Life based in- (a) Bengaluru (b) Chennai (c) Kolkata (d) New Delhi (e) Mumbai Q94. IRCTC will offer insurance of up to INR50 lakh for free for air passengers who book their tickets through its portal. IRCTC has tied up with for the offer. (a) Bajaj Allianz (b) ICICI Prudential (c) Bharti-Axa (d) Aviva Life (e) LIC Q95. Which of the following bank and SBI Life Insurance has announced that they have signed a bancassurance pact to offer a comprehensive financial planning solution to its customers? (a) Punjab National Bank (b) Syndicate Bank (c) Bank of Baroda (d) State Bank of India (e) Indian Bank Q96. The government has constituted a seven-member panel to select managing directors of public sector insurance companies. Who will be head of this panel? (a) Bibek Debroy (b) TS Vijayan (c) Urjit Patel (d) Arvind Mayaram (e) BP Sharma 19 Adda247 No. 1 APP for Banking & SSC Preparation

20 Q97. Which of the following e-commerce company has partnered with the Life Insurance Corporation of India (LIC) to offer online insurance premium payments on its platform? (a) Phonepe (b) Airtel Money (c) MakeMyTrip (d) Paytm (e) ETMONEY Q98. APY is a government-backed pension scheme in India targeted at the unorganised sector. What is the full form of APY? (a) Atal Public Yojana (b) Atal Private Yojana (c) Atal Pension Yojana (d) Atal Pension Yoga (e) Atulya Pension Yojana Q99. Under the APY, guaranteed minimum pension of Rs. 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month will be given at the age of years depending on the contributions by the subscribers. (a) 58 years (b) 60 years (c) 65 years (d) 62 years (e) 50 years Q100. Which of the following insurance company has launched the Cyber Security Awareness Week starting from October 21, 2018 to October 27, 2018? (a) HDFC ERGO (b) Aviva Life (c) LIC (d) UIIC (e) Bajaj Allianz Q101. Reliance Health Insurance has received R3 approval from for its new health insurance business. (a) NABARD (b) IRDAI (c) SEBI (d) RBI (e) TRAI 20 Adda247 No. 1 APP for Banking & SSC Preparation

21 Q102. The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join/enable auto-debit. The premium is per annum which is to be auto-debited in one installment from the subscriber s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme. (a) Rs 380 (b) Rs 365 (c) Rs 100 (d) Rs 12 (e) Rs 330 Q103. Insurance regulator IRDAI has raised the minimum insurance cover for owner-driver to Rs lakh for a premium of Rs 750 per annum, a move that will provide some succour to road accident victims. (a) Rs 5 lakh (b) Rs 10 lakh (c) Rs 15 lakh (d) Rs 25 lakh (e) Rs 20 lakh Q104. Which of the following payment banks and private life insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) has entered into a strategic partnership to provide life insurance solutions, especially at the doorstep of every household in the country? (a) India Post Payments Bank (b) Aditya Birla Payments Bank (c) Paytm Payments Bank (d) Airtel Payments Bank (e) NSDL Payments Bank Q105. PMSBY is available to people in the age group years with a bank account who give their consent to join/enable auto-debit (a) 21 to 75 years (b) 18 to 60 years (c) 16 to 50 years (d) 18 to 70 years (e) 25 to 80 years 21 Adda247 No. 1 APP for Banking & SSC Preparation