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प्रश्न
Explain the following term/concept.
Life Insurance
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उत्तर
Life insurance is a contract between insurer and insured whereby the insurer agrees to compensate the insured a certain sum on the expiry of certain period or on death, whichever is earlier. The basic purpose of life insurance policy is to secure the lives of those who are dependent on the insured. The type of life insurance policies are whole life policy, endowment insurance policy, term insurance policy, annuity policy, money-back policy, child insurance, retirement plans and ULIP.
संबंधित प्रश्न
Distinguish between the following:
Life insurance and Fire insurance
_____________ policy covers all types of risks of a vessel while it is anchored at the port for a particular period of time.
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.
Study the following case/situation and express your opinion.
| Mr Jagan is a salaried person. He wants to take policy for his two children which assures them protection as well as completes their financial needs once they become major by age. |
- Suggest him a policy which can satisfy the requirements of his children.
- Who are beneficiaries of policy?
- In the above case which principle is involved?
State four life insurance policies?
Justify the following statement.
Principle of subrogation is applicable to all contracts of indemnity.
Explain the principles of insurance.
Explain the following term/concept.
Marine Insurance
Explain the following term/concept:
Insurable Interest
What is Fire Insurance?
Distinguish between Life Insurance and Marine Insurance.
Distinguish between Life Insurance and Fire 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.
