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प्रश्न
Discuss the importance of fire insurance.
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उत्तर
The purpose of fire insurance is to provide protection against the risk of loss by fire. The insured person is placed in the same financial position as he/she was before the loss by fire happened. Fire can cause huge damage to a person's house. In the case of business, the entire factory, office or godown may be destroyed by fire. The businessman may lose his source of livelihood and may become bankrupt. Fire insurance helps him restart his business with the help of money he receives from the insurance company.
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संबंधित प्रश्न
Write a short note on:
Fire Insurance
Write short note on Life insurance.
______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.
Give one example of Non-Insurable Risk.
Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.
Explain the importance of health insurance.
Explain the importance of marine insurance.
Name any eight types of insurance.
Define Marine Insurance.
Explain the procedure for taking a marine insurance policy.
