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प्रश्न
What is 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 the risk of a contingent or uncertain loss. Insurance is a contract between the insurer and the insured, whereby the insurer agrees to compensate the insured against loss. The insured has to pay a certain fixed sum of money on a timely basis to the insurer.
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संबंधित प्रश्न
Explain the types of Life Insurance Policies?
Explain the types of fire insurance policies.
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.
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?
Mr. Amit is a businessman. He has his own factories in Pune and Nashik. He lives in Pune with his wife and 2 daughters aged 5 and 8 years.
- Can Mr. Amit take a life insurance policy for his wife and 2 children?
- Can Mr. Amit take a marine insurance policy for his factories?
- Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?
Distinguish between Life Insurance and Marine Insurance.
State four life insurance policies?
Justify the following statement.
Principle of subrogation is applicable to all contracts of indemnity.
Explain marine insurance policies.
In ___________ policy subject matter is insured for specific voyage irrespective of time.
Explain the following term/concept.
Life 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.
Find the odd one:
Explain the following term/concept:
Insurable Interest
What is 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.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
