English

Correct the underlined word and rewrite the following sentence. Insurance helps to maximize the risks in the business.

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Question

Correct the underlined word and rewrite the following sentence.

Insurance helps to maximize the risks in the business.

One Line Answer
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Solution

Insurance helps to minimize the risks in the business.

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Chapter 4: Business Services - EXERCISE [Page 91]

RELATED QUESTIONS

Distinguish between the following:

Life insurance and Fire insurance


Find the odd one.


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.

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  2. Can Mr. Amit take a marine insurance policy for his factories?
  3. Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?

Justify the following statement.

Principle of subrogation is applicable to all contracts of indemnity.


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In ___________ policy subject matter is insured for specific voyage irrespective of time.


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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

Explain the following term/concept.

Marine Insurance


Explain the following term/concept.

Life 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.


Explain the following term/concept:

Insurable Interest


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Distinguish between.

Life Insurance and Marine Insurance


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Distinguish between Life Insurance and Fire Insurance.


Distinguish between Life Insurance and Fire Insurance.


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Distinguish between LIfe insurance and Fire insurance.


Distinguish between Life Insurance and Fire Insurance.


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