Question
An insurance product that pays out income to the holder
at specified intervals usually after retirement is known as?Solution
It's the specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time. The premium compensates the insurer for bearing the risk of a pay-out should an event occur that triggers coverage.
More Insurance Awareness Questions
- During the colonial period in India, approximately what percentage of the workforce was employed in the manufacturing sector?
Who recently launched the world's most powerful rocket Starship?
- Which period marks the implementation of India’s Fourth Five-Year Plan?
- Mount Etna, which erupted recently, is located in which country?
How many gold medals did India win at the World Para Athletics Championships 2023?
What is the new name of the ball released in FIFA World cup 2022 ?
Which key of the keyboard is used to make characters either upper or in lower case?
Match the schemes with their respective states:
- Arrange the following mountain passes from north to south:
(A) Shipki La
(B) Nathu La
(C) Zoji La
(D) Lipulekh What do you understand about the concept of Moonlighting?