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प्रश्न
Describe the procedure for taking a fire insurance policy.
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उत्तर
The person who wants to take a fire policy should approach the insurance company and fill up the proposal form. He should fill in this form the details regarding the estimated value of the property, its location, etc. After receiving the proposal form, the insurance company sends its surveyor to assess the risk. On the basis of the surveyor's report, it decides whether or not to accept the proposal. If the insurance company accepts the proposal, the insured is asked to pay the first premium. On payment of the premium, a cover note is issued, which is later replaced by the insurance policy. Coverage of risk begins on the date of the payment of the first premium.
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संबंधित प्रश्न
List any five important types of policies.
Write a short note on:
Fire Insurance
Identify the insurance depicted in the picture below.
In ______ insurance, insurable interest must exist both at the time of contract as well as at the time of loss.
The concept of insured value is applicable only in case of ______ insurance.
______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.
Explain the importance of marine insurance.
Explain the procedure for taking a marine insurance policy.
Define Life Insurance.
Explain the procedure for taking a life insurance policy.
