Question
An insurance cover that is linked with credit activities
and aims to protect the credit is called?Solution
Credit life insurance is a type of life insurance policy designed to pay off a borrower's debt if the borrower dies. The face value of a credit life insurance policy decreases proportionately with the outstanding loan amount as the loan is paid off over time, until both reach zero value.
What are moral hazards in underwriting?
Under which type of plans, an insurance that provides coverage at a fixed rate of payments for a limited period of time is called?Â
Selling insurance through groups is called?
_______ is basically a trade in which imported goods are re-exported with or without any additional processing or repackaging.
An independent professional person registered under the Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
Reinsurance placed with a company not authorized in the reporting company’s state of domicile is called?
Life Insurance Corporation of India provides its policy holders the facility to deposit premium at which of the following intervals?
Which country is the first in the world to introduce the concept of Insurance Repository services?
Which among the following is the oldest existing insurance company in India?
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
