JAMB Insurance 2015 Past Questions & Answers
Practise all 31 JAMB Insurance questions from the 2015 exam, each with a worked answer and explanation. Free CBT-format practice on web, iOS and Android.
8 questions from the 2015 JAMB Insurance paper
Try them on paper first. The correct options and worked answers are in the app.
1.A fire insurance policy valued at N= 250,000 is issued at the rate of 0.2%. How much would the premium be, if the policy is granted with 5% long - term agreement discount?
- A.N= 475
- B.N= 500
- C.N= 12,500
- D.N= 13,000
2.Life assurance contract is useful to a policyholder in the area of
- A.production
- B.protection
- C.industrialization
- D.rehabilitation
3.One of the benefits payable under personal accident insurance policy is
- A.retirement benefit
- B.surrender benefit
- C.death benefit
- D.transfer benefit
4.A trade group for insurance companies in Nigeria is called
- A.Chartered Insurance Institute of Nigeria
- B.National Insurance Commission
- C.Nigerian Corporation of Registered Insurance Brokers
- D.Nigerian Insurers Association
5.The cover that is taken at the option of the motor vehicle owner is
- A.a comprehensive cover
- B.an act only cover
- C.a third party only cover
- D.a special type cover
6.Which of the following functions is related to life assurance contract? Benefits are
- A.determined on the happening of insured event
- B.determined by the indemnity doctrine
- C.determined at the inception of the policy
- D.assessed by the extent of the loss
7.Which of the following is not a function of an insurance underwriter?
- A.Determining rates and coverage for the risk
- B.Deciding whether to take the risk
- C.Looking for an insurer to take the risk
- D.Deciding whether to reject the risk
8.The process of assessing risks in insurance and classifying them according to their degree of insurability so that the appropriate rate may be assigned is
- A.inspecting
- B.underwriting
- C.surveying
- D.evaluating
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These are real JAMB Insurance questions from the 2015 exam, sourced from the official paper. 120 minutes · 180 questions · 4 subjects · CBT. Practising a specific year shows you the style and difficulty the examiners set that year — useful for spotting recurring topics across 2010–2025.
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JAMB Insurance 2015 — frequently asked
How many JAMB Insurance 2015 past questions are there?
ExamPadi has 31 JAMB Insurance questions from the 2015 exam, each with a worked answer and explanation.
Are the 2015 JAMB Insurance answers included?
Yes — every question has a worked answer, not just the correct option.
Can I download the JAMB Insurance 2015 questions and answers as a PDF?
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Yes. The free tier gives 20 questions per day across any subject and year. Pro removes the cap and unlocks full timed mock exams.