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प्रश्न
Briefly explain the term insurance.
टीपा लिहा
उत्तर
Insurance is a contract in which a sum of money is paid by the assured in consideration of insurance, incurring the risk of paying a large sum upon a given contingency.
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Insurance
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संबंधित प्रश्न
Mr. Mohan took a health insurance policy for Rs. 2 lakhs without disclosing proper facts. After three years, he was admitted in hospital due to acute tuberculosis. During investigation it was found that he had been a chain smoker for the past five years.
- Will he be able to claim health insurance? Why?
- Identify the Principle of insurance.
Which of the following are the characterics of insurance?
What is meant by insurance?
"Insurance is a method of spreading risks." In the light of this statement, explain how does insurance help in minimising business risks.
