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प्रश्न
What is insurance?
उत्तर
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Insurance is a contract between the insurer and the insured, whereby the insurer agrees to compensate the insured against loss. The insured has to pay a certain fixed sum of money on a timely basis to the insurer.
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संबंधित प्रश्न
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?
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?
State four life insurance policies?
Explain marine insurance policies.
In ___________ policy subject matter is insured for specific voyage irrespective of time.
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 |
Explain the following term/concept:
Insurable Interest
Distinguish between Life Insurance and Marine Insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between LIfe insurance and Fire insurance.
Distinguish between Life Insurance and Fire Insurance.
Distinguish between Life Insurance and Fire Insurance.
