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प्रश्न
Explain the following term/concept.
Life Insurance
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उत्तर
Life insurance is a contract between insurer and insured whereby the insurer agrees to compensate the insured a certain sum on the expiry of certain period or on death, whichever is earlier. The basic purpose of life insurance policy is to secure the lives of those who are dependent on the insured. The type of life insurance policies are whole life policy, endowment insurance policy, term insurance policy, annuity policy, money-back policy, child insurance, retirement plans and ULIP.
संबंधित प्रश्न
Explain the types of Life Insurance Policies?
Explain the types of fire insurance policies.
Find the odd one.
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?
Explain marine insurance policies.
What is insurance?
In ___________ policy subject matter is insured for specific voyage irrespective of time.
Explain the following term/concept.
Marine Insurance
Explain the following term/concept.
Fire insurance
Distinguish Between:
Fire Insurance and Marine Insurance
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.
Distinguish between Life Insurance and Fire Insurance.
Explain the following term/concept:
Insurable Interest
Distinguish between Life Insurance and Fire Insurance.
Distinguish between.
Life Insurance and Fire Insurance
Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance
