Weekly Insurance Awareness Capsule 1

Weekly Insurance Awareness Capsule 1

Dear Mockbankers

In this article you will get, information about different topics of Banking Awareness in the form of Weekly Insurance Awareness Capsule.

Insurance Awareness section has become an essential section of majority of Insurance Sector examination conducted in India. Essentially it checks how much is the candidate keeping up with the knowledge of insurance and financial sector,with special reference to the insurance industry

In this article, we are providing the list of Important Insurance Terminologies


Risks shared between insurers.

Dual insurance

Risks having two or more policies with same coverage


Situations where risk is not transferred to insurance companies and solely
retained by the entities or individuals themselves


situations when Insurer passes some part of or all risks to another Insurer
called Reinsurer

Insurance Repository

Company formed and registered under the Companies Act, 1956 and which has been granted a certificate of registration by IRDA for maintaining data of insurance policies in electronic form.

eIA (e-Insurance Account)

e-Insurance Account or “Electronic Insurance Account” which will safeguard the insurance policy documents of policyholders in electronic format.

Taglines of Insurance Companies 

  • Life Insurance Corporation of India (LIC) – Yogakshemam Vahamyaham – Your welfare is ourresponsibility
  • Tata AIA Life Insurance Company Limited – You click, we cover
  • ICICI Prudential Life Insurance Company Limited – Zimmedari ka humsafar
  • HDFC Standard life Insurance Company Limited – Sar utha Ke Jiyo
  • Oriental Insurance Company Limited – Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas
  • United India Insurance Company Limited – Rest Assured with Us
  • Max Bupa Health Insurance – Your Health First
  • SBI Life Insurance Company Limited – With Us, You’re Sure
  • Birla Sun Life Insurance Company Limited – Muskurate Raho
  • Bajaj Allianz Life Insurance Company Limited – Jiyo Befiqar
  • Kotak Mahindra Old Mutual Life Insurance Limited – Faidey ka Insurance
  • Max New York Life Insurance Company Limited – Karo Zyada ka Iraada
  • Apollo Munich Health Insurance – We know Healthcare. We know Insurance
  • Future Generali Life Insurance – Ek Shagun Zindagi Ke Naam
  • Aviva India Life Insurance – Kal par Control
  • ING Vysya Life Insurance India Company – Adding Life to Insurance
  • MetLife India Insurance Company Limited – Have you met life today?

Friends this is it regarding Weekly Insurance Awareness capsule. We will update Weekly Insurance Awareness Capsule like this every week.If you have any suggestion or query, kindly post it in the comments section.

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