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Question
Correct the underlined word and rewrite the sentence.
The person who is protected against certain losses is known as insurer.
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Solution
The person who is protected against certain losses is known as insured.
RELATED QUESTIONS
Distinguish between the following:
Life insurance and Fire insurance
Explain the types of Life Insurance Policies?
_____________ 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.
In ________ policy, several ships belonging to one owner are insured under the same policy.
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?
State four life insurance policies?
Explain the principles of 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 Life Insurance and Fire Insurance.
Find the odd one:
Explain the following term/concept:
Insurable Interest
What is Fire Insurance?
Distinguish between.
Life Insurance and Marine Insurance
Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
