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प्रश्न
Explain the following term/concept.
Insurance
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उत्तर
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against contingent or uncertain losses. Insurance is a contract between the insurer and the insured, under which the insurer agrees to compensate the insured for loss. The insured must pay a fixed sum to the insurer on time.
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संबंधित प्रश्न
Explain the types of Life Insurance Policies?
_____________ policy covers all types of risks of a vessel while it is anchored at the port for a particular period of time.
The principle of ______ is not applicable to life insurance.
Find the odd one.
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?
Explain marine insurance policies.
What is insurance?
In ___________ policy subject matter is insured for specific voyage irrespective of time.
Give one word or phrase for the following sentence:
Name of the policy where several ships belonging to one owner are insured under the same policy.
Explain the following term/concept:
Insurable Interest
Distinguish between Life Insurance and Marine Insurance.
Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
