AXA Mansard Insurance Aptitude Test Past Questions And Answers

AXA Mansard Insurance Aptitude Test Past Questions And Answers

Here are AXA Mansard insurance aptitude questions along with options and the correct answers for each:

What is the primary purpose of insurance?

a) To generate profits

b) To provide financial protection

c) To control government regulations

d) To promote healthy lifestyles

Correct answer: b) To provide financial protection

What does the acronym "AXA" stand for?

a) Assurance eXcellence and Achievement

b) Alliance of Xcellent Achievers

c) AXA is not an acronym

d) Achieving Xtraordinary Assurance

Correct answer: c) AXA is not an acronym

Which of the following is not a type of insurance policy?

a) Life insurance

b) Health insurance

c) Car insurance

d) Share insurance

Correct answer: d) Share insurance

What does the term "premium" refer to in insurance?

a) The total value of the insured item

b) The amount paid by the insured to the insurer

c) The duration of the insurance policy

d) The number of claims made by the insured

Correct answer: b) The amount paid by the insured to the insurer

Which of the following is an example of a risk covered by property insurance?

a) Loss of income due to unemployment

b) Theft of personal belongings

c) Medical expenses for a chronic illness

d) Financial loss due to stock market fluctuations

Correct answer: b) Theft of personal belongings

What does the term "deductible" mean in insurance?

a) The amount paid by the insurer to the insured

b) The portion of the claim that the insured must pay

c) The number of claims allowed in a year

d) The value of the insured item

Correct answer: b) The portion of the claim that the insured must pay

Which of the following is a type of life insurance policy?

a) Collision insurance

b) Term insurance

c) Liability insurance

d) Fire insurance

Correct answer: b) Term insurance

What does the term "underwriting" mean in insurance?

a) The process of filing a claim

b) The investigation of potential risks

c) The calculation of insurance premiums

d) The settlement of insurance claims

Correct answer: b) The investigation of potential risks

Which of the following is not a factor considered when calculating insurance premiums?

a) Age

b) Gender

c) Occupation

d) Favorite color

Correct answer: d) Favorite color

Which insurance policy provides coverage for medical expenses?

a) Disability insurance

b) Home insurance

c) Health insurance

d) Travel insurance

Correct answer: c) Health insurance

What is the purpose of a deductible in an insurance policy?

a) To reduce the insured's liability

b) To increase the insurance premium

c) To discourage fraudulent claims

d) To determine the coverage limits

Correct answer: c) To discourage fraudulent claims

Which insurance policy covers damage to a vehicle due to an accident?

a) Life insurance

b) Property insurance

c) Car insurance

d) Travel insurance

Correct answer: c) Car insurance

What does the acronym "Mansard" refer to in AXA Mansard insurance?

a) Maximum Assurance for Nurturing Safety and Risk Detection

b) Mastering Assurance for Nurturing Security and Risk Development

c) Mansard is not an acronym

d) Meaningful Assistance for Navigating Security and Risk Dynamics

Correct answer: c) Mansard is not an acronym

Which insurance policy covers damage caused by fire?

a) Fire insurance

b) Liability insurance

c) Travel insurance

d) Pet insurance

Correct answer: a) Fire insurance

What does the term "claim" mean in insurance?

a) The amount of money paid to the insurer

b) The cancellation of an insurance policy

c) The notification of a loss or damage

d) The calculation of insurance premiums

Correct answer: c) The notification of a loss or damage

Which insurance policy provides coverage for a rented apartment?

a) Renter's insurance

b) Flood insurance

c) Umbrella insurance

d) Disability insurance

Correct answer: a) Renter's insurance

What does the term "policyholder" mean in insurance?

a) The insurance company

b) The person who sells insurance policies

c) The person who investigates claims

d) The person who owns the insurance policy

Correct answer: d) The person who owns the insurance policy

Which insurance policy provides coverage for a business's property and assets?

a) Business interruption insurance

b) Property insurance

c) Workers' compensation insurance

d) Professional liability insurance

Correct answer: b) Property insurance

What does the term "endorsement" mean in insurance?

a) The termination of an insurance policy

b) The increase in insurance premiums

c) The addition or modification of policy terms

d) The calculation of claim settlements

Correct answer: c) The addition or modification of policy terms

Which insurance policy provides coverage for unexpected travel emergencies?

a) Life insurance

b) Home insurance

c) Health insurance

d) Travel insurance

Correct answer: d) Travel insurance.