Millionaire Mode

IRDA - Life Insurance Agent (Mock - 1)

Question 1 of 48

Which of the following statements is correct?

Insurance is a kind of investment.
Insurance is nothing but a gamble.
Insurance is risk transfer of pooling of similar risks.
Insurance is nothing but a savings scheme.

Prize Money

15₹7 Crores

14₹1 Crore

13₹50,00,000

12₹25,00,000

11₹12,50,000

10₹6,40,000

9₹3,20,000

8₹1,60,000

7₹80,000

6₹40,000

5₹20,000

4₹10,000

3₹5,000

2₹2,000

1₹1,000