(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Commercial Studies

Proof of age is required in case of insurance.

The concept of insured value is applicable only in case of ______ insurance.

Hull insurance is a type of ______ 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.

______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.

What is meant by Non-Insurable Risk?

Give one example of Non-Insurable Risk.

What do you understand by 'Health Insurance'?

What is Life Insurance?

Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.

Distinguish between re-insurance and double insurance.

Explain the importance of health insurance.

Discuss the importance of fire insurance.

Explain the meaning of marine insurance.

Name any eight types of insurance.

Define fire insurance.

Describe the procedure for taking a fire insurance policy.

Discuss the procedure of establishing a claim and its settlement in fire insurance.

Define Marine Insurance.