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Explain the following term/concept. Marine Insurance - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Marine Insurance

टिप्पणी लिखिए

उत्तर

Marine insurance policy gives protection against the losses on account of the dangers of sea. It may cover loss to vessels, cargo, passengers during marine transportation. The types of marine insurance policies are voyage policy, time policy, mixed policy, valued policy, blanket policy, port risk policy, composite policy, single vessel policy, fleet policy and block policy.

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Business Services - Insurance
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अध्याय 4: Business Services - Explain the following terms/concepts

संबंधित प्रश्न

Explain the types of Life Insurance Policies?


Explain the types of fire insurance policies.


Explain the following term/concept.

Insurance


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.

  1. Can Mr. Amit take a life insurance policy for his wife and 2 children?
  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?

State four life insurance policies?


Justify the following statement.

Principle of subrogation is applicable to all contracts of indemnity.


Explain marine 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.

  1. Can Mr. Sadagopan take life insurance policy for two children? 
  2. Is child insurance is suitable for a wife of Mr. Sadagopan?
  3. Which type of insurance should Mr. Sadagopan take for protecting his factories from loss due to fire?

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.


What is Fire 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.


Distinguish between Life Insurance and Fire Insurance.


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