Advertisements
Advertisements
प्रश्न
Explain the following term/concept.
Life Insurance
उत्तर
Life insurance is a contract between insurer and insured whereby the insurer agrees to compensate the insured a certain sum on the expiry of certain period or on death, whichever is earlier. The basic purpose of life insurance policy is to secure the lives of those who are dependent on the insured. The type of life insurance policies are whole life policy, endowment insurance policy, term insurance policy, annuity policy, money-back policy, child insurance, retirement plans and ULIP.
संबंधित प्रश्न
Distinguish between the following:
Life insurance and Fire insurance
_____________ policy covers all types of risks of a vessel while it is anchored at the port for a particular period of time.
Find the odd one.
Correct the underlined word and rewrite the following sentence.
Insurance helps to maximize the risks in the business.
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.
- Can Mr. Amit take a life insurance policy for his wife and 2 children?
- Can Mr. Amit take a marine insurance policy for his factories?
- Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?
Distinguish between Life Insurance and Marine Insurance.
State four life insurance policies?
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 |
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.
Distinguish between Life Insurance and Fire Insurance.
What is Fire Insurance?
Distinguish between.
Life Insurance and Marine Insurance
Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance
Distinguish between Life Insurance and Fire Insurance.
