Insurance Awareness Capsule for NICL AO 

Dear Bankersdaily Aspirant,

Insurance Awareness is the important Section in General Awareness in Insurance Exams. In NIACL AO and Assistant around 15 questions were asked from this section.

This capsule covers all the basic concepts of Insurance Awareness.

  1. Basic Principles of Insurance
  2. The proposer or assured
  3. Agent and Broder
  4. Insured Peril
  5. Proximate Cause
  6. Reinstatement or Replacement Insurance
  7. Deductibles
  8. Co- insurance
  9. Insured responsible for Loss Minimization
  10. Riders
  11. Insurance Ombudsman
  12. Paid up Value
  13. Types of Life insurance policies
  14. About LIC
  15. Free look cancellation
  16. Health Insurance Policies

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