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प्रश्न
Explain the following term/concept.
Insurance
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
Explain the types of fire insurance policies.
The principle of ______ is not applicable to life insurance.
In ________ policy, several ships belonging to one owner are insured under the same policy.
Answer in one sentence.
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Correct the underlined word and rewrite the following sentence.
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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Explain the principles of insurance.
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Correct the underlined word and rewrite the sentence.
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Distinguish Between:
Fire 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.
Distinguish between Life Insurance and Fire Insurance
Distinguish between LIfe insurance and Fire insurance.
