Advertisements
Advertisements
प्रश्न
Define Life Insurance.
Advertisements
उत्तर
Life insurance is a contract under which the insurance company (called the insurer) agrees to pay the specified amount (called sum assured) on the death of the insured person or upon the expiry of a specified period, whichever is earlier, in consideration of the regular premium. Life insurance is the most popular form of insurance because it plays a vital role in the lives of the public.
APPEARS IN
संबंधित प्रश्न
Choose the Correct Answer.
______ is not a type of general insurance.
Choose the Correct Answer.
Which one of the following is a type of marine insurance?
Hull insurance is a type of ______ insurance.
Name the type of insurance which is not a contract of indemnity.
Give one example of Non-Insurable Risk.
What is Life Insurance?
Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.
Describe the procedure for establishing a claim and its settlement in marine insurance.
Describe the procedure for settling claims under life insurance.
Distinguish between Life Insurance, Fire Insurance, and Marine Insurance.
