Advertisements
Advertisements
प्रश्न
Define Life Insurance.
उत्तर
Life insurance is a contract under which the insurance company (called the insurer) agrees to pay the specified amount (called sum assured) on the death of the insured person or upon the expiry of a specified period, whichever is earlier, in consideration of the regular premium. Life insurance is the most popular form of insurance because it plays a vital role in the lives of the public.
APPEARS IN
संबंधित प्रश्न
Explain the various types of Insurance.
Write short note on Life insurance.
Proof of age is required in case of insurance.
Hull insurance is a type of ______ insurance.
Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.
Discuss the importance of fire insurance.
Define fire insurance.
Discuss the procedure of establishing a claim and its settlement in fire insurance.
Explain the procedure for taking a marine insurance policy.
Distinguish between Life Insurance, Fire Insurance, and Marine Insurance.
