Question
A form of whole-life insurance with a predefined number
of premiums to be paid is known as?Solution
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured with a pre-defined number of premiums.
Which of the following terms is NOT associated with insurance?
Who has been elected as the president of Auto industry body 'Society of Indian Automobile Manufacturers' (SIAM) for 2022-23?
An extension of endowment plans is known as which policy?
The insurance is listed in which schedule to the Constitution of India?
As per Rule 141 of Central Motor Vehicle Rules 1989, a certificate of Insurance is to be issued only in Form _____.
A comprehensive motor insurance policy covers:
Which bank becomes the first bank to set up a wholly-owned non-life insurance company?
Who is the author of the book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor?”
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
Which Section of the IRDAI Act,1999 specifies the Duties, Powers and functions of the Authority?
