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प्रश्न
Explain the following term/concept.
Fire insurance
उत्तर
Fire insurance provides protection against the risk of damage to property by fire. Any property which is subject to damage by fire can be insured. The loss due to lightening and explosion is also covered under fire insurance. The types of fire insurance policies are valued policy, average policy, specific policy, floating policy, excess policy, reinstatement policy, comprehensive policy, consequential loss policy and sprinkler leakage policy.
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संबंधित प्रश्न
Explain the types of Life Insurance Policies?
Explain the types of fire insurance policies.
_____________ policy covers all types of risks of a vessel while it is anchored at the port for a particular period of time.
The principle of ______ is not applicable to life insurance.
Answer in one sentence.
What is 'subject matter' in insurance?
Justify the following statement.
Principle of subrogation is applicable to all contracts of indemnity.
Explain marine insurance policies.
Explain the principles of insurance.
Match the correct pairs.
| Group A | Group B |
| A. Sprinkler policy | 1. provides a regular percentage of the sum assured |
| B. Child insurance | 2. marketing |
| C. Money back policy | 3. demand made by insured to insurer for loss occurred due to mishap |
| D. Claim | 4. profit |
| E. Insurance | 5. proposal |
| 6. protection from financial loss | |
| 7. for voyage | |
| 8. ULIP | |
| 9. suitable for children | |
| 10. fire insurance |
Correct the underlined word and rewrite the sentence.
The person who is protected against certain losses is known as insurer.
Distinguish Between:
Fire Insurance and Marine Insurance
Explain the following term/concept:
Insurable Interest
Distinguish between.
Life Insurance and Marine Insurance
Distinguish between.
Life Insurance and Fire Insurance
Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
