Insurance Abbreviations Quiz | Practice

What does LIC stand for?

A Life Insurance Corporation B Life Investment Corporation C Life Insurance Council D Life Income Corporation

What does IRDAI stand for?

A Insurance Regulatory and Development Authority of India B Insurance Regulation Department of India C Insurance Research Development Authority of India D Indian Regulatory Development Authority of Insurance

What does ULIP stand for?

A Unit Linked Insurance Plan B Universal Life Insurance Plan C Unit Life Insurance Policy D Universal Linked Insurance Plan

What does TPA stand for?

A Third Party Administrator B Third Party Agent C Trusted Policy Administrator D Third Party Authority

What does IDV stand for?

A Insured Declared Value B Insurance Data Value C Insured Deposit Value D Insurance Declared Verification

What does NCB stand for?

A No Claim Bonus B No Coverage Benefit C Net Claim Bonus D New Claim Benefit

What does GIC stand for?

A General Insurance Corporation B Global Insurance Corporation C Government Insurance Company D General Insurance Council

What does HLV stand for?

A Human Life Value B High Life Value C Human Liability Value D High Liability Value

What does PLI stand for?

A Postal Life Insurance B Public Life Insurance C Personal Life Insurance D Primary Life Insurance

What does RPLI stand for?

A Rural Postal Life Insurance B Regional Postal Life Insurance C Rural Personal Life Insurance D Regional Personal Life Insurance

What does SI stand for?

A Sum Insured B Secure Insurance C Standard Insurance D Simple Insurance

What does OD mean in motor insurance?

A Own Damage B Official Damage C Original Damage D Operational Damage

What does TP insurance mean?

A Third Party Insurance B Total Protection Insurance C Trusted Policy Insurance D Transport Protection Insurance

What does CI stand for?

A Critical Illness B Covered Illness C Certified Insurance D Comprehensive Insurance

What does EMI protection refer to?

A Equated Monthly Installment Protection B Equal Money Insurance Protection C Electronic Monthly Insurance Protection D Equity Monthly Insurance Protection

What does FUP stand for?

A Fair Usage Policy B Final Usage Policy C Fixed Usage Policy D Flexible Usage Policy

What does CSR mean in insurance?

A Claim Settlement Ratio B Customer Service Ratio C Claim Service Rate D Customer Settlement Rate

What does FYP stand for?

A First Year Premium B Final Year Premium C Fixed Year Premium D Full Year Premium

What does FYR stand for?

A First Year Renewal B Final Year Renewal C Fixed Year Return D First Year Return

What does ADB mean?

A Accidental Death Benefit B Additional Death Benefit C Accident Damage Benefit D Accidental Deposit Benefit

What does PTD stand for?

A Permanent Total Disability B Partial Total Disability C Permanent Temporary Disability D Partial Temporary Disability

What does PPD stand for?

A Permanent Partial Disability B Partial Permanent Disability C Permanent Personal Disability D Partial Personal Disability

What does CPT stand for?

A Claim Processing Time B Claim Payment Time C Claim Processing Term D Claim Payment Term

What does MWP Act refer to?

A Married Women Property Act B Married Women Protection Act C Married Wealth Property Act D Married Welfare Protection Act

What does GI stand for?

A General Insurance B Global Insurance C Government Insurance D Group Insurance

What does HI stand for?

A Health Insurance B Home Insurance C Hospital Insurance D Human Insurance

What does PI stand for?

A Personal Insurance B Property Insurance C Public Insurance D Primary Insurance

What does LTA mean?

A Life Term Assurance B Long Term Assurance C Life Transfer Assurance D Limited Term Assurance

What does CI policy mean?

A Critical Illness Policy B Comprehensive Insurance Policy C Certified Insurance Policy D Customer Insurance Policy

What does riders mean in insurance?

A Additional Benefits B Additional Charges C Additional Premium D Additional Rules