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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
Find the odd one.
In ________ policy, several ships belonging to one owner are insured under the same policy.
Correct the underlined word and rewrite the following sentence.
Insurance helps to maximize the risks in the business.
Mr. Amit is a businessman. He has his own factories in Pune and Nashik. He lives in Pune with his wife and 2 daughters aged 5 and 8 years.
- Can Mr. Amit take a life insurance policy for his wife and 2 children?
- Can Mr. Amit take a marine insurance policy for his factories?
- Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?
Distinguish between Life Insurance and Marine Insurance.
Explain marine insurance policies.
Explain the following term/concept.
Marine Insurance
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.
What is Fire Insurance?
Distinguish between.
Life Insurance and Marine Insurance
Distinguish between.
Life Insurance and Fire Insurance
Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance
Distinguish between LIfe insurance and Fire insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
