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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
Distinguish between the following:
Life insurance and Fire insurance
_____________ 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.
Explain the following term/concept.
Insurance
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 the principles of insurance.
In ___________ policy subject matter is insured for specific voyage irrespective of time.
Correct the underlined word and rewrite the sentence.
The person who is protected against certain losses is known as insurer.
Explain the following term/concept.
Marine Insurance
Explain the following term/concept.
Fire insurance
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
What is Fire Insurance?
Distinguish between Life Insurance and Marine Insurance.
Distinguish between.
Life Insurance and Marine Insurance
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
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
