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प्रश्न
Explain the following term/concept.
Insurance
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उत्तर
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against contingent or uncertain losses. Insurance is a contract between the insurer and the insured, under which the insurer agrees to compensate the insured for loss. The insured must pay a fixed sum to the insurer on time.
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संबंधित प्रश्न
Distinguish between the following:
Life insurance and Fire insurance
Explain the types of Life Insurance Policies?
Explain the types of fire insurance policies.
Find the odd one.
Explain marine insurance policies.
What is insurance?
Correct the underlined word and rewrite the sentence.
The person who is protected against certain losses is known as insurer.
Explain the following term/concept.
Marine Insurance
Study the following case/situation and express your opinion.
Mr. Sadagopan is a businessman he has two factories in Indore and Bhopal. He lives in Bhopal with his wife and two daughters aged 5 and 8 years.
- Can Mr. Sadagopan take life insurance policy for two children?
- Is child insurance is suitable for a wife of Mr. Sadagopan?
- Which type of insurance should Mr. Sadagopan take for protecting his factories from loss due to fire?
Give one word or phrase for the following sentence:
Name of the policy where several ships belonging to one owner are insured under the same policy.
Distinguish between Life Insurance and Fire Insurance.
Find the odd one:
What is Fire Insurance?
Distinguish between Life Insurance and Marine Insurance.
Distinguish between.
Life Insurance and Marine Insurance
Distinguish between Life Insurance and Fire Insurance.
Distinguish between LIfe insurance and Fire insurance.
Distinguish between Life Insurance and Fire Insurance.
