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प्रश्न
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?
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उत्तर
- Yes, Mr. Sadagopan can take life insurance policy for his children. In particular, he can purchase child insurance policy for them. It is a saving cum investment plan designed to meet children’s future financial needs.
- No, child insurance is not suitable for a wife of Mr. Sadagopan. This is because child insurance policy enables to meet child's future financial needs and his wife is not a child.
- Mr. Sadagopan can take ‘fire insurance policy’ for protecting his factories from loss due to fire.
संबंधित प्रश्न
Distinguish between the following:
Life insurance and Fire insurance
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Insurance helps to maximize the risks in the business.
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Principle of subrogation is applicable to all contracts of indemnity.
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| 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 |
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The person who is protected against certain losses is known as insurer.
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Name of the policy where several ships belonging to one owner are insured under the same policy.
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Life Insurance and Fire Insurance
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Distinguish between LIfe insurance and Fire insurance.
Distinguish between Life Insurance and Fire Insurance.
