Insurance | NIACL AO
NIACL AO sets 50 General Awareness questions for 50 marks in the Main Examination (objective), so it is worth planning your preparation around the topics below.
This is the most scoring section per minute because there is nothing to work out — you either know it or you do not. Banking and current affairs of the last six months dominate, so a steady daily habit beats last-minute cramming, and static facts (polity, history, geography) fill the rest.
How much General Awareness is worth in each NIACL AO stage, from the official pattern.
| Stage | Questions | Marks | Time | Share |
|---|---|---|---|---|
| Main Examination (objective) | 50 | 50 | 30 min | 25% |
Every topic in the official syllabus. The linked ones open a set of solved questions you can practise straight away.
Written to the NIACL AO pattern, with the answer key and the method behind it — a look at how the section is actually set before you drill the full topic sets.
Regulators · solved example
The insurance sector in India is regulated by:
Solution
The Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance industry. SEBI oversees securities, RBI banking, and PFRDA pensions.
Insurance terms · solved example
In a life-insurance policy, the person on whose life the cover is taken is called the:
Solution
The person whose life is covered is the 'life assured'. The underwriter prices the risk, the actuary handles the mathematics, and the nominee receives the benefit on a claim.
Insurance terms · solved example
The 'sum assured' in a life-insurance policy refers to:
Solution
The sum assured is the guaranteed amount the insurer promises to pay on the event covered, such as death or maturity. It is not the premium, which is what the policyholder pays for the cover.
Regulators · solved example
Which body regulates the securities market and mutual funds in India?
Solution
The Securities and Exchange Board of India (SEBI) regulates the stock market and mutual funds. It is a factual point that separates the financial regulators.
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Untimed drills with the method shown after every question — the step between learning a topic and sitting it under a clock.
General Awareness shows up in every NIACL AO mock test, in the same interface, with sectional locking and negative marking.
NIACL AO: 24-question practice mock
24 questions | 24 min
NIACL AO 2026 cycle (notification awaited) sets 50 General Awareness questions for 50 marks in the Main Examination (objective).
Yes. NIACL AO deducts one fourth of a mark for each wrong answer, General Awareness included, so unsure guesses cost you. One fourth of a mark is deducted for each wrong answer in the objective tests. Unanswered questions carry no penalty.
The NIACL AO syllabus lists National and international current affairs of the previous six to twelve months, Government schemes and the Union Budget, Awards, sports, appointments and books, Static general knowledge: geography, polity and history, Banking, insurance and financial awareness. Weight your revision towards the ones you are weakest on and confirm the emphasis against the paper analysis for recent cycles.
Every General Awareness question on this site is free and written to the exam pattern. Use the topic drills for instant-feedback practice, the daily quiz to keep the section warm, and the NIACL AO mock tests to sit it under a real clock with negative marking.