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प्रश्न
______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.
विकल्प
Life insurance
Marine insurance
Fire insurance
Health insurance
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उत्तर
Fire insurance is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.
Explanation:
Fire insurance may be defined as a contract in writing whereby the insurance company in consideration of a sum of money (called premium) undertakes to indemnify the insured (owner of the property) for any loss or damage to the insured property or goods caused by accidental fire. A fire insurance policy is generally for one year.
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संबंधित प्रश्न
Choose the Correct Answer.
______ is not a type of general insurance.
Explain the various types of Insurance.
Write a short note on Health insurance.
Name the type of insurance which is not a contract of indemnity.
Name the type of insurance wherein insurable interest need not exist when the policy is taken.
Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.
Distinguish between re-insurance and double insurance.
Describe the procedure for establishing a claim and its settlement in marine insurance.
Define Life Insurance.
Explain the procedure for taking a life insurance policy.
