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प्रश्न
Explain the following term/concept.
Fire insurance
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उत्तर
Fire insurance provides protection against the risk of damage to property by fire. Any property which is subject to damage by fire can be insured. The loss due to lightening and explosion is also covered under fire insurance. The types of fire insurance policies are valued policy, average policy, specific policy, floating policy, excess policy, reinstatement policy, comprehensive policy, consequential loss policy and sprinkler leakage policy.
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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.
Answer in one sentence.
What is 'subject matter' in insurance?
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?
Distinguish between Life Insurance and Marine Insurance.
Justify the following statement.
Principle of subrogation is applicable to all contracts of indemnity.
What is insurance?
Explain the principles of insurance.
In ___________ policy subject matter is insured for specific voyage irrespective of time.
Match the correct pairs.
| Group A | Group B |
| A. Sprinkler policy | 1. provides a regular percentage of the sum assured |
| B. Child insurance | 2. marketing |
| C. Money back policy | 3. demand made by insured to insurer for loss occurred due to mishap |
| D. Claim | 4. profit |
| E. Insurance | 5. proposal |
| 6. protection from financial loss | |
| 7. for voyage | |
| 8. ULIP | |
| 9. suitable for children | |
| 10. fire insurance |
Correct the underlined word and rewrite the sentence.
The person who is protected against certain losses is known as insurer.
Study the following case/situation and express your opinion.
Mr. Sadagopan is a businessman he has two factories in Indore and Bhopal. He lives in Bhopal with his wife and two daughters aged 5 and 8 years.
- Can Mr. Sadagopan take life insurance policy for two children?
- Is child insurance is suitable for a wife of Mr. Sadagopan?
- Which type of insurance should Mr. Sadagopan take for protecting his factories from loss due to fire?
Distinguish Between:
Fire Insurance and Marine Insurance
Explain the following term/concept:
Insurable Interest
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.
