GIPSA Promotion Exam: Daily One-liners (Part 1)

GIPSA One Liner : here you can Get the One Liner for GIPSA Promotional Exam and Also Download PDF and Take a print out of it.

GIPSA Promotion Exam daily One-liners (Part 1)

GIPSA One Liner : As we all know that Marine, Fire, ENGINEERING, AVIATION, Motor, HRM Part is playing a major role in any exam weather it will be GIPSA and Para 13.2 examinations. So here we are providing the Daily one liner for every upcoming exam . Daily one liner consist top study material in one line which is important for every insurance promotion exams.

FIRE Insurance

  • How many conditions are there in Fire policy – 15 conditions
  • All insurance shall cease on expiry of 7 days from date of – fall or displacement of any building or part thereof provided that fall not caused by insured perils.
  • Insurance ceases if – the trade or occupation alter
  • Debris removal expenses clause covers loss – in excess of 1% and up to 10% of the total sum insured ( fire policy covers up to 1% only )
  • Omission to insure clause only 5% of the sum insured to cover and the premium payable in advance is- premium at the inception of the policy on 5% of sum insured
  • Earthquake deductible is – 5% of each and every claim subject to minimum of Rs.10000/-


  • EEP Covers Data Media are kept – on the premises
  • Loss or damage of Bulbs, Valves, Tubes, ribbons, belts lubricating oil – not covered by the policy and all those losses are under exclusion
  • What are excluded under EEP Policy – Dish Antenna, portable equipment like laptop computer and sonography
  • Under EAR Policy “ cold testing” means – Testing of parts under “no load” condition
  • Hot testing under EAR policy means – Testing of parts under full load conditions
  • The force which causes the current to flow through circuit is known as – Electro- Magnetic Force(EMF)


  • Liner vessels – carry cargo according to an advertised schedule between home port and overseas ports of destination, calling en route at intermediate ports on the voyage
  • Shipments by TRAMP vessels – charges heavy extra premium under cargo policies
  • The all India Marine Cargo Tariff introduced in the year – 1983
  • Section II of the above policy covers – Accidental bodily injuries ( fatal or otherwise ) and accidental damage to property caused by the Aircraft or by any person or object falling therefrom
  • Annual policy issued for 12 months covers – goods not for sale and which are in transit by rail/road from specified depots/processing units to other specified depots/p.units
  • Warranty 3 provides that – claim under the Duty policy would be payable if the claim under the cargo policy is payable
  • Duty Insurance is not valid – if effected after the arrival of the vessel at the destination port

MOTOR Insurance 

  • Subrogation is modified by Agreements between Insurers – ex: Knock for Knock Agreement
  • Contribution arises when there is a – Double Insurance
  • The contribution condition is specially worded in private car policies because the owner is also covered for Third Party Liability while – driving cars not belonging to him
  • LMV – up to GVW 7500 KG, MMV – GVW 7500 kgs to 12000 kg and – HGV – GVW above 12000 kgs ( Gross Vehicle Weight )
  • Maxi cab” means – any motor vehicle constructed or adapted to carry more than six passengers, but not more than twelve passengers, excluding the driver, for hire or reward
  • “Motor cab” means – any motor vehicle constructed or adapted to carry not more than six passengers, excluding the driver, for hire or reward


  • Frostbite, Snakebite and Drowning, homicide or murder without provocation are – covered under PA and treated as Accidents
  • Loss or use of Limbs concerned and not the limbs themselves , is also deemed – to be the loss of limbs
  • For loss of little finger compensation is 4% of capital sum insured, loss of four fingers 35% – loss of hearing both ears 75%
  • Basic cover with extended cover is – Rs.23/- per woman per year
  • Group discount – is allowed as per number of persons covered under RRMKJ
  • Long term discount – 2 years: 5%, 3 years:10%, 4 years: 15%, 5 years: 20% allowed

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