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प्रश्न
State Whether the Following Statement Are True Or False (Give Reason)
Principles of utmost good faith is only applicable to life insurance contract.
उत्तर
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संबंधित प्रश्न
The Principle of indemnity is not applicable to ____________
a. life insurance
b. marine insurance
c. fire insurance.
State Whether the Following Statement Are True Or False (Give Reason)
The principle of indemnity is applicable to life insurance.
Distinguish between the following:
Fire Insurance and Marine Insurance
Distinguish between the following:
Fire Insurance & Marine Insurance
Answer the following question:
Define insurance. Explain the various principles of insurance.
Choose the correct answer for the following:
Which of the following is not a function of insurance?
Choose the correct answer for the following:
Which of the following is not applicable in life insurance contract?
The rate of premium is 2% and other expenses are 0.75%. A cargo worth ₹ 3,50,100 is to be insured so that all its value and the cost of insurance will be recovered in the event of total loss.
Fill in the blank :
An installment of money paid for insurance is called __________.
The value of insured property is called ______.
State whether the following is True or False :
The amount of claim cannot exceed the amount of loss.
Solve the following :
15,000 articles costing ₹200 per dozen were insured against fire for ₹1,00,000. If 20 % of the articles were burnt completely and 2400 of other articles were damaged to the extent of 80% of their value, find the amount that can be claimed under the policy.
Solve the following :
For what amount should a cargo worth ₹25,350 be insured so that in the event of total loss, its value as well as the cost of insurance may be recovered when the rate of premium is 2.5 %.
Solve the following :
A cargo of grain is insured at `(3/4)`% to cover 70% of its value. ₹1,008 is the amount of premium paid. If the grain is worth ₹12 per kg, how many kg of the grain did the cargo contain?
State whether the following statement is True or False:
An installment of money paid for insurance is called Premium
State whether the following statement is True or False:
The value of insured property is called policy value
______ insurance is not covered by general insurance
