Advertisements
Advertisements
प्रश्न
Write Short Note on the following:
Types of marine insurance policies
उत्तर १
The following are some of the various types of marine insurance policies:
i. Voyage policy - In this policy, the subject matter is insured for a particular journey, irrespective of the time involved in the journey.
ii. Time policy - In this policy, the subject matter is insured for a given time period. The policy may contain a continuation clause, according to which the insurance can be extended till the voyage is completed or till the ship arrives at the port.
iii. Mixed policy - This policy is a combination of the time policy and the voyage policy. It provides protection against sea perils for a particular voyage and for a fixed period of time.
iv. Valued policy - In this policy, the insurance is of a fixed amount as agreed upon by the insurer and the insured.
उत्तर २
The following are the various types of marine insurance policies:
i. Voyage policy - In this policy, the subject matter is insured for a particular journey, irrespective of the time involved in the journey.
ii. Time policy - In this policy, the subject matter is insured for a given time period. The policy may contain a continuation clause, according to which the insurance can be extended till the voyage is completed or till the ship arrives at the port.
iii. Mixed policy - This policy is a combination of the time policy and the voyage policy. It provides protection against sea perils for a particular voyage and for a fixed period of time.
iv. Valued policy - In this policy, the insurance is of a fixed amount as agreed upon by the insurer and the insured.
v. Floating policy - In this policy, several shipments are insured under one insurance contract. The policy holds valid till the time the entire amount of insurance is exhausted.
vi. Blanket policy - In this policy, the maximum amount for which the insurance is required is estimated. In addition to this, the premium for this policy is paid in advance.
vii. Port risk policy - This policy covers the risk against the damage caused to the vessel while it is being anchored at the port for a given time period.
viii. Composite policy - This policy is taken by more than one individual. There is more than one insured in this kind of insurance policy. These insured have a separate and distinct liability.
संबंधित प्रश्न
Write Short Note on the following:
Role of transport
Select the proper option from the options given below and rewrite the completed sentence.
Insurable interest must exist in ________.
Select the proper option from the options given below and rewrite the completed sentence.
In India railways are owned and managed by ________.
Select the proper option from the options given below and rewrite the completed sentence.
Door to door services is offered by ________.
Select the proper option from the options given below and rewrite the completed sentence.
Road transport is suitable for ________ distance.
Match the correct pairs :
| Group “A” | Group “B” | ||
| a. | Life Insurance | 1 | Claim made by insured |
| b. | Mitigation of loss | 2 | Perishable goods |
| c. | Premium | 3 | Insurable interest |
| d. | Cold storage | 4 | Maximum loss |
| e. | Warehousing | 5 | Transfer of goods from one place to other |
| 6 | To minimise the loss | ||
| 7 | Imported goods | ||
| 8 | Principle of indemnity | ||
| 9 | Storage of goods | ||
| 10 | Payment made by policy holder |
Write a word or phrase or a term which can substitute each one of the following:
The account suitable for salaried people.
Write a word or phrase or a term which can substitute the following:
Overdraft facility is given to a certain definite account holder.
Write a word or phrase or a term which can substitute the following:
The principle of insurance under which the insurer and the insured must show complete faith towards each other
Write a word or phrase or a term which can substitute the following:
A device through which calls and messages can be sent and received
Write a word or phrase or a term which can substitute the following:
Mode of transport which helps to get goods and passengers at their door.
Write Short Note on the following:
Types of fire insurance policies
Write Short Note on the following:
Water transport
State with Reasons whether the following statement is TRUE or FALSE.
The principle of indemnity applies to life insurance.
State with Reasons whether the following statement is TRUE or FALSE.
Insured must have insurable interest in the subject matter at the time of taking the policy.
State with Reasons whether the following statement is TRUE or FALSE.
Rail transport provides door to door services.
Answer the following question:
Describe the role of transport in modern times.
State with reasons whether the following statement is True or False.
Transport is useful in raising standard of living.
